Question 4 (1 point) ✓ Saved True or false....... Operating Income = Net Income minus interest minus income taxes. True False Question 5 (1 point) Saved For the year, a company's tax rate is 20%, depreciation is $100, sales are $1,200, and cost of goods sold is $100. For the year Net income is $1,000, Gross profit is $1,200 and the net income to sales ratio is 75% Net income is $800, Gross profit is $1,100 and the net income to sales ratio is 83% Net income is $800, Gross profit is $1,100 and the net income to sales ratio is 67% O Net income is $800. Gross profit is $1,000 and the net income to sales ratio is 67%