Question: Can someone help me with this question *Question 1 Arlington Merchants reported the following on its income statement for the fiscal years ending December 31,

Can someone help me with this question

Can someone help me with this question *Question 1 Arlington Merchants reported

*Question 1 Arlington Merchants reported the following on its income statement for the fiscal years ending December 31, 2013 and 2012 Sales Cost of goods sold Gross Profit Operating expenses Profit 2013 $4,853,100 3,266,750 1,586,350 876,480 $709,870 2012 $4,754,000 3,202,400 1,551,600 901,480 $650,120 Question 1 Calculate the gross profit margin for Arlington for 2012 and 2013. (Round answers to 1 decimal place, eg, 52.7%.) Gross profit margin 2013 2012

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