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Can you help me determine the profit margin? I cannot figure out the necessary formula. ` Your answer is correct . Fill in the missing

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Can you help me determine the profit margin?

I cannot figure out the necessary formula.

image text in transcribed
` Your answer is correct . Fill in the missing amounts . Crane Company Sheridan Company* Sales REVENUE $ 94, 200 103000 Sales returns and allowances 140 00 $ 3, 000 Net Sales $0, 200 100, 000 Cost of goods sold 54, 200 50000 Gross profit ZGOOD 50, 000 Operating EXPENSES* 14, 7 3440 0 L` Net income* 1 1300 15 , 500 [ ` Your answer is partially correct . Try again . Calculate the profit margin and the gross profit rate for each company . ( Round answers to I decimal place , e .g. 15. 5, 0 /0 .] Crane Company, Sheridan Company* Profit margin Gross profit rate 32. 4| 50 2/0 Click if you would like to Show Work for this question : Open Show Work

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