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Exercise 5-13 a-b Presented below is financial information for two different companies. Determine the missing amounts. Sheridan Company Pronghorn Company Sales revenue $96,980 (d) $
Exercise 5-13 a-b Presented below is financial information for two different companies. Determine the missing amounts. Sheridan Company Pronghorn Company Sales revenue $96,980 (d) $ (a) $6,150 Sales returns Net sales Cost of goods sold 100,400 90,650 55,240 Gross profit (b) 44,730 Operating expenses 18,920 (f) Net income 15,900 Determine the gross profit rates. (Round answer to 1 decimal place, e.g. 25.3%.) Sheridan Company Pronghorn Company Gross profit rate % %
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