-Using the information given below, calculate the gross profit percentage based on net sales. What conclusions can be made about this company based on this trend analysis? 
Definitions:
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a market balance.
Substitute
A product or service that can be used in place of another to satisfy similar needs or demands.
Industry Entry
The process of a new competitor or business entering into a market or industry.
Demand
The quantity of a good or service that consumers are willing and able to purchase at various prices at a given time.
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