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Calculate the missing amounts. (Loss amounts should be indicated with a minus sign and input all other amounts as positive values. Do not round intermediate
Calculate the missing amounts. (Loss amounts should be indicated with a minus sign and input all other amounts as positive values. Do not round intermediate calculations. Round "Gross profit ratio" to 2 decimal places.) Company A Company B 2023 2022 2023 2022 Sales Sales discounts $ 249,000 $ 173,000 $ 41,500 2,490 1,000 430 Sales returns and allowances 15,300 4,800 Net sales 155,850 38,500 Cost of goods sold 150,100 56,300 Gross profit from sales 50,300 47,700 17,900 Selling expenses 17,220 18,300 24,300 Administrative expenses 24,900 29,000 8,300 Total operating expenses 44,600 Profit (loss) 13,700 Gross profit ratio % 1,300 %
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