Use the data from S4-11 to calculate the gross profit percentage and the net income percentage for The Skate Shack, Inc., for2012.

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Cash Total Operating Expense..6,500 Equipment, Net Accounts Payable. Total Stockholders' Equity3,000 et Sales Revenue Long-Term Notes Payabl. 1,800 Accounts Receivable. Inventory $3,100 Cost of Goods Sol $19,000 5,500 2,300 36,000 . 3,500 100 400 5,200 Accrued Liabilities. 1,500 Prepaid Rent 1,400 nterest Expense Salaries Payab....