Question: answer the red boxes correctly Kolby Enterprises reports the following information on its income statement: Required Calculate Kolby's gross profit percentage and return on sales
answer the red boxes correctly
Kolby Enterprises reports the following information on its income statement: Required Calculate Kolby's gross profit percentage and return on sales ratio. Kolby is planning to add a new product and expects sales to be $30.000 and cost of goods to be $25.000. No other income or expenses are expected to change. How will this affect Kolby's gross profit percentage and return on sales ratio? (Round aft answers to 1 decimal place.)
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