Reza Inc. operates a retail operation that purchases and sells snowmobiles, amongst other outdoor products. The company purchases all merchandise inventory on credit and uses a periodic inventory system. The Accounts Payable account is used for recording inventory purchases only; all other current liabilities are accrued in separate accounts. You are provided with the following selected information for the fiscal years 2010 through 2013, inclusive.

Instructions(a) Calculate the missing amounts.(b) The vice presidents of sales, marketing, production, and finance are discussing the company's results with the CEO. They note that sales declined over the 3-year fiscal period, 2011???2013. Does that mean that profitability necessarily also declined? Explain, computing the gross profit rate and the profit margin ratio for each fiscal year to help support your answer.

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2010 2011 2012 2013 Income Statement Data Sales revenue (e) $82,220 $96,890 (a) Cost of goods sold 28,060 26,490 Gross profit Operating expenses (i) 52,870 67,800 59,620 (f) 63,640 $ 3,510 (b) (j) Net income Balance Sheet Data $13,000 5,800 2$ (c) $14,700 4,600 2$ (k) (1) Inventory Accounts payable 6,500 Additional Information Purchases of merchandise inventory on account Cash payments to suppliers $25,890 (d) (g) (h) $24,050 24,650