calculting the profit margin and gross profit rates

Monty Corp Sunland Company $92,000 113,200 Sales revenue 6,000 i 5,200 Sales returns and allowances Net sales Cost of goods sold 86,000 108,000 55,900 66.960 i 41,040 Gross profit 30,100 19,440 i 13,760 Operating expenses 16,340 21,600 Net income Calculate the profit margin and the gross profit rate for each company. (Round answers to O decimal places, e.g. 1 Sunland Company Monty Corp. Profit margin % % Gross profit rate % e Textbook and Media Attempts: 0 of 5 used Save for Later