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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
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 Sales returns and allowances Net sales $ 260,000 $ 184,000 S 47,000 2.600 1,200 540 16,400 5,900 166,400 44,000 Cost of goods sold 155,600 57,400 Gross profit from sales 51,400 48.800 21.200 Selling expenses 18,320 19,400 25:400 Administrative expenses 26,000 30,100 9.400 Total operating expenses 46,800 Profit (loss) 14.800 2,400 Gross profit ratio %
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