and by finding the

Part 5. Multi-Step income Statement Appearing below are some of the balance sheet accounts and all of the income statement accounts for Trinitys Exotic Pets: Calculate the following (note that not all of the accounts above will be used because they are balance sheet accounts): Net Sales Gross Profit Income from Operations Net income before Taxes Net income (assume a tax rate of 20% ) Gross Profit Rate Profit Margin Ratio