Compute the missing amounts.

		King Company	Queen Company
Sales Revenue		56000	?
Sales Returns and Allowances		?	5000
Net Sales		50000	?
COGS		33000	80000
Gross Profit		?	32000
Operating Expenses		12000	?
Net Income		?	14000

Calculate the profit margin and the gross profit rate for each company. (Round answers to 2 decimal places, e.g. 15.25%.)

King Company;

Profit Margin %

Gross Profit Rate %

Queen Company;

Profit Margin %

Gross Profit Rate %