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AE5-13 Presented below is financial information for two different companies. Instructions (a) Determine the missing amounts. (Enter all amounts as positive and subtract where necessary.)
AE5-13 Presented below is financial information for two different companies. Instructions (a) Determine the missing amounts. (Enter all amounts as positive and subtract where necessary.) Dae Company Kim Company Sales $95,930 $ Sales returns 5,270 Net sales 83,450 102,390 Cost of goods sold 54,600 Gross profit 46,480 Operating expense 17,260 Net income 15,940 (b) Determine the gross profit rates. (Round answers to one decimal place, e.g. 10.5.) Nam Company $ Mayo Company $
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