Calculate the missing quantities King Company Queen's Company sales revenue 56000 Sales returns and benefits 5000 net sales 50000 COGS 33000 80000 Gross profit 32000 operating expenses 12000 Net Income 14000 Calculate the profit margin and gross profit rate for each company

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Calculate the missing quantities. King Company Queen's Company sales revenue 56000 ? Sales returns and benefits ? 5000 net sales 50000 ? COGS 33000 80000

Calculate the missing quantities.

	King Company	Queen's Company
sales revenue	56000	?
Sales returns and benefits	?	5000
net sales	50000	?
COGS	33000	80000
Gross profit	?	32000
operating expenses	12000	?
Net Income	?	14000

Calculate the profit margin and gross profit rate for each company.

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