Rodriguez Inc. operates a retail operation that purchases and sells home entertainment 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 2009 through 2012, inclusive.

Instructions(a) Calculate the missing amounts.(b) Sales declined over the 3-year fiscal period, 2010???2012. 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. (Round to one decimalplace)

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2009 2010 2011 2012 Income Statemet Data $ (e) 13,800 $47,000 Sales revenue $55,000 Cost of goods sold (a) 14,300 35.200 (1) Gross profit Operating expenses 38,300 (i) 34,900 28,600 $ 2,500 $ (b) Net income (i) Balance Sheet Data $ 8,100 $7.200 3,200 Inventory Accounts payable (k) (1) (c) 3,600 2,500 Additional Information Purchases of merchandise $13,200 inventory on account Cash payments to suppliers $14,200 (d) (h) 13,600