$!!$PLEASE HELP!! Examine the income statement below. Compute the value of MROS. $($Enter your answer in decimal form. Use two decimal places. Do not enter the percent symbol.$)$

Table $1.$ Hypothetical Income Statement

Item

Total SR $$14,303,264$

Cost of Goods

Sold

Parts & Materials $$2,500,000$

Direct Labor $$1,000,000$ $$3,500,000$

Gross Profit Margin $$??????$

Marketing Expenses

Salesforce Expenses $$1,500,000$

Sales Commissions $$500,000$

Trade and Media Advertising $$300,000$

Point$-$Of$-$Sale Materials $$100,000$

Coop Ad Allowances $$500,000$

Shipping Expenses $$800,000$ $$3,700,000$

Manufacturing Overhead $$800,000$

General & Administrative Expenses

Administrative Overhead $$250,000$

Executive Salaries & Benefits $$400,000$ $$650,000$

Operating Profit $$?????$