$$ncome Statement Antalysis

Formulas for this assignment:

Gross Margin $\%=($Revenue $-$ Cost of Goods Sold$)/$ Revenue

Expense Ratio $=$ Total Expenses $\frac{?}{?}$ Revenue

Return on Sales $=$ Net Profit $\frac{?}{?}$ Revenue

Use the following income statement to answer the questions in the assignment.

$\backslash$table$[[$Item$,$Value,Note$],[$Revenue$,$$$16,000,000,200,000$ units $$$$80$