Question - Calculate cost of merchandise inventories, Gross profit and operating income. both in dollar terms and percentage.
2016 2015
Cost of goods sold $8,511,100 $7,787,500
Inventories $1,378,500 $1,306,400
Total net revenues $21,315,900 $19,162,700
Operating income $4,171,900 $3,601,000
Net Earnings $2,817,700 $2,757,400