8 - Merchandising Financial Statement Analysis LEARNING OBJECTIVE: Calculate the gross mergin ratio fore merchandising financial statement analysis. Revenue Sales Returns Sales Discounts Net Sales Cost of Goods Sold Gross Profit Gross Profit Margin % $927,000 $25,000 $15,100 $886,900 $168,500 Given the information provided in this illustration, what are the gross profit and gross margin ratio? a.) Gross Profit: $1,055,400 Gross Margin Ratio: 84% b.) Gross Profit: $718,400 Gross Margin Ratio: 81% O O c.) Gross Profit: $846,800 Gross Margin Ratio: 91% O d.) Gross Proft: $758,500 Gross Margin Ratio: 82% Submit My