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What is the Gross Profit for 2012? (4 Points) Calculate Gross Profit Ratio for 2012: (4 Points) Use the following data to answer the questions

What is the Gross Profit for 2012? (4 Points)

Calculate Gross Profit Ratio for 2012: (4 Points)
Use the following data to answer the questions below: Nov. 30, Nov. 30, 2011 2012 Sales $3,500,0 $4,000,0 00 00 COGS $2,100,0 $2,400,0 00 00 Inventory $650,00 $700,00 0 0 Nov. 30, 2013 $4,400, 000 $2,685, 000 $600,00 0

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