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Culver Inc and Pronghorn Corporation are Canadian fertilizer companies. The following information has been taken from their financial statements for the fiscal years ended December
Culver Inc and Pronghorn Corporation are Canadian fertilizer companies. The following information has been taken from their financial statements for the fiscal years ended December 31. All figures are in millions of dollars. PRONGHORN 2021 2020 2019 Net sales $9,693.4 $5,173.7 $3,608,6 5,1943 1.953.6 948.9 Gross profit Profit 3,439.2 1,089.5 634.8 CULVER 2021 2020 2019 Net sales $9,549 $5,413 $4,156 Gross profit 3.476 1,692 876 Profit 1.190 449 33 Calculate both companies' gross profit margin and profit margin for the years 2019 through 2021. (Round answers to 1 decimal place, eg 52.7%) PRONGHORN 2021 2020 2019 Gross profit margin 53.6 % 37.8 % 263 % Profit margin 12.5 % 82 % % CULVER 2021 2020 2019 Gross profit margin % %% % Profit margin % % % e Textbook and Media
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