Calculate Net Profit Margin (or net return on sales) 2. Calculate Total Return on Assets Net sales Cost of goods sold Gross profit Selling, general, and administrative expenses Operating income Interest expense Other (expense) income Income before income taxes Income tax expense Net income Net income per share. Basic Diluted January 1, 2022 $ 594,876 816,113 541,175 274,938 -3,339 -3,189 268,410 -55,808 S (9) $ 1,410,989 (9 212,602 2.43 2.40