Exercise 5-08 c (Essay) Financial information for two companies are presented below. Yoste Company Noone Company $90,000 $105,000 Sales revenue 6,000 5,000 Sales returns and allowances 84,000 100,000 Net sales 58,000 60,000 Cost of goods sold 26,000 40,000 Gross profit 14,380 23,000 Operating expenses 17,000 11,620 Net income Yoste Company Noone Company 14% 17% Profit margin 40% Gross profit rate 31% (c) Discuss your findings in the calculation of profit margin and the gross profit rate for each company. Click if vou would Ilike to Sho w Work for this question: Open Show Work