Use the following information to answer the question below: Brazel Corp. has the following information available for the year just ended: Description Amount Net Sales $5,000,000 Cost of Goods Sold 3,000,000 Operating Expenses 800,000 Net Income $1,200,000 QUESTION: What is Brazel's gross profit ratio expressed as a percentage of sales? *Your answer should be expressed as a percentage and rounded to the nearest tenth of a decimal point. Example: Enter 20.4% instead of .204. ANSWER: Answer 1 Question 13 %