Question: Quick Gross Profit question? Only answer 2-a please. Required information [The following information applies to the questions displayed below.) Reyes Company, prides itself as being
Required information [The following information applies to the questions displayed below.) Reyes Company, prides itself as being the world's leading marketer of U.S. branded non-athletic footwear." The following data (in millions) were reported for the second quarter of 2019 Net Sales $ 2,032 Income Tax Expense 49 Dividends 27 Salaries and Wages Expense 639 Cost of Goods Sold 1,269 Interest Expense 29 2-a. How much was the gross profit? (Enter your answer in millions.) 2-b. What was the gross profit percentage? (Round your percentage to 1 decimal place.) Answer is complete but not entirely correct. 2-a Gross Profit 782 million 2-b Gross Proft Percentage 37.5% $
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