Required: Assume $(1)$ beginning inventory was $$35,000,(2)$ beginning Trade Receivable $($net$)$ was $$23,000,(3)$ beginning total assets were $$200,000,$ and $(4)$ all sales are credit sales. Answer the questions on the next page.

$\backslash$table$[[$Ratio$,$Calculation,Follow$-$up Question,$\backslash$table$[[$Write $"$B$"],[$for Better,$],["$W$"$ for$],[$Worse$.]]],[$Gross profit rate,Net sales$-$cogs,$\backslash$table$[[$If the industry average$],[$gross profit rate is $40\%,$ is$],[$Walsh doing better or$],[$worse than the industry?$]],\frac{?}{\text{b}\text{a}\text{r}}(B)$