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Compute the missing amounts. King Company Queen Company Sales Revenue 56000 ? Sales Returns and Allowances ? 5000 Net Sales 50000 ? COGS 33000 80000
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 %
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