I need help doing pe 6-7b A) and B)

Ratio of net sales to assets The following financial statement data for years ending December 31 for Edision company are shown below Determine the ratio of net sales to assets for 2014 and 2013. Does the change in the ratio of net sales to assets from 2013 to 2014 indicate a favorable or an unfavorable trend? Determining gross profit During the current year, merchandise is sold for $2, 450,000. The cost of the merchandise sold is $1, 519,000. What is the amount of the gross profit? Compute the gross profit percentage (gross profit divided by sales). Will the income statement necessarily report a net income? Explain