Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimdi place, e.g. 75.5%.) Sheridan Company Crane Company Profit margin 11.7 % 13.7 % Gross profit rate 63.1 % 521 96 eTextbook and Media List of Accounts Save for Later Attempts: 1 of 2 used Submit Answer Your answer is correct. Fill in the missing amounts. Crane Company Sheridan Company $90,000 Sales revenue $ 131000 3.000 Sales returns and allowances Net sales Cost of goods sold -6000 i 84.000 52.900 128,000 67840 31100 60.160 Gross profit Operating expenses 20.500 42240 Net income 10600 17,920 eTextbook and Media