Zzzz Stores Limited had the following account balances at november 31, 2021:

Rent expense $12,000

Repairs and maintenance expense 3,175

Sales discounts 10,300

Prepaid expenses 11,450

Cash received from debt 14,000

Freight expense 7,730

Income tax expense 12,145

Deferred revenue 8,750

Collections from customers on account 38,725

Insurance expense 1,800

Cost of goods sold 138,453

Sales returns and allowances 15,500

Sales revenue 268,700

Payments to suppliers on account 42,610

Office supplies expense 6,125

Travel and entertainment expense 3,180

Dividends, paid in cash 12,500

Contributions by owners 17,500

Advertising expense 26,570

Create a multiple step income statement and answer the following questions.

Question 55 (2 points)

Question 55 options:

What is the company's gross profit ratio, also called gross profit margin ratio?

Question 56 (2 points)

Question 56 options:

If the company uses the multiple step income statement what is net income?

Question 57 (2 points)

Question 57 options:

If the company uses the multiple step income statement what is total operating expenses for this company?

Question 58 (2 points)

Question 58 options:

What is total net sales for this company?

Question 59

If the company uses the multiple step income statement what is total gross profit for this company?