ter Of * & Question 5 x & Connect * il Chapter Of x & Connect * (36) 4 x 3 Search - | | New Tab * | education.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fims.mheducation.com%252Fmghmiddleware%%252Fm. Maps Homework Saved Help Save & Exit Check n MBI Inc. had sales of $42 million for fiscal 2019. The company's gross profit ratio for that year was 27%. Required: a. Calculate the gross profit and cost of goods sold for MBI for fiscal 2019. (Enter your answers in millions rounded to 2 decimal Chapter 0 * @ Question: * @ Connect * | Chapter Of * @ Connect * | ~(36) + x | Search. * |@ New Tab * | + places. (i.e., 5,500,000 should be entered as 5.50)) .mheducation.com/ext/map/index.html?_con=con&external_browser=08launchUrl=http:%2534%2521%252Flims.mheducation.com%252Fmghmid 0%252Fm # # Gross profit S 11.34 milion 09 - Homework Saved Help Save & Exit Submit Cost of goods sold s 30.66 million Check my work . Assume that a new product is developed and that it will cost $462 to manufacture, Calcula leved for all products for fiscal 2019 060 nor round for ntermediate calculations. Enter your answer in dollars rounded to 2 decimal places.) b. Assume that a new product is developed and that it will cost $462 to manufacture. Calculate the selling price that must be set for this new product if its gross profit ratio is to be the same as the average achieved for all products for fiscal 2019. (Do not round intermediate calculations. Enter your answer in dollars rounded to 2 decimal places.) Selling price ent viewpoint, it could use the estima assess its ultimate prospects for success at this price. H m 9 X 32'F Clear ~ 9 04 45 . True to search O False DELL