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Exercise 5-13 Presented below is financial information for two different companies Determine the missing amounts Summer Company Winter Company Sales revenue Sales returns Net sales
Exercise 5-13 Presented below is financial information for two different companies Determine the missing amounts Summer Company Winter Company Sales revenue Sales returns Net sales Cost of goods sold Gross profit Operating expenses Net income $96,480 a) $5,250 90,230 103,900 51,020 e) 46,230 16,400 15,700 Determine the gross profit rates. (Round answer to 1 decimal place, e.g. 25.2% Summer Company Winter Company Gross profit rate
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