Blossom Company $100,000 Sunland Company 125000 Sales revenue $ Sales returns and allowances 6000 i 5,000 Net sales 94,000 51,700 120,000 54000 i Cost of goods sold Gross profit 42300 66,000 Operating expenses 28,388 45600 Net income 13912 20,400 e Textbook and Media List of Accounts X Your answer is incorrect. Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, e.g. 15.5%.) Sunland Company Blossom Company 13.9 Profit margin 16.3 Gross profit rate 42.3 52.8