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 answer the red boxes correctly Kolby Enterprises reports the following information on

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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