Question: Take me to the text A partial income statement for Jill Corporation for 2019 and 2018 shows the following information. 2019 2018 Sales $944,000 $763,000

Take me to the text A partial income statement for Jill Corporation for 2019 and 2018 shows the following information. 2019 2018 Sales $944,000 $763,000 Cost of Goods Sold $467,000 $457,000 Operating Expenses $163,000 $157,000 a) Calculate the gross profit and net income for both years. Do not enter dollar signs or commas in the input boxes. 2019 2018 Gross Profit $ Net Income $ b) Calculate the gross profit margin and net profit margin for both years. Round all answers to 1 decimal place. 2019 2018 Gross Profit Margin % % Net Profit Margin % %

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