Question: A partial income statement for Jane Coporation for 2019 and 2018 shows the following information. 2019 2018 Sales $824,000 $792,000 Cost of Goods Sold $402,000

A partial income statement for Jane Coporation for 2019 and 2018 shows the following information. 2019 2018 Sales $824,000 $792,000 Cost of Goods Sold $402,000 $404,000 Operating Expenses $210,000 $233,000 a) Calculate the gross profit and net income for both years. Do not enter dollar signs or commas in the input boxes. 2019 2018 Gross Profit $Answer $Answer Net Income $Answer $Answer b) Calculate the gross profit margin and net profit margin for both years. Round all answers to 1 decimal place. 2019 2018 Gross Profit Margin Answer % Answer % Net Profit Margin Answer % Answer %

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