Income statement information is presented here for two companies:

Instructions
(a) Calculate the missing amounts for items [1] to [10].
(b) Calculate the gross profit margin and profit margin for each company.

Transcribed Image Text:

Young Ltd. Rioux Ltée $99,000 [6] 5,000 89,00100,0oo Sales Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses Income from operations Other revenues Other expenses Income before income tax Income tax expense Net income 58,750 2] 40,000 [81 [18,000 0 2,000 [91 [10] 512,800 19,500 750 0 [41 2,300