Question 4 --/1 View Policies Current Attempt in Progress Assume Larkspur, Inc. has the following reported amounts: Sales revenue $586,500, Sales returns and allowances $17,250, Cost of goods sold $379,500, and Operating expenses $126,500. (a) Compute net sales. Net sales $ (b) Compute gross profit. Gross profit $ (c) Compute income from operations. Income from operations $ (d) Compute the gross proftrate. (Round answer to 1 decimal place, e.g. 25.2%.) Gross profit rate