Exercise 5-16 Calculate the figures left blanks. Company B Sales Cost of goods sold: 110,000 90,000 Merchandise inventory (beginning) Net cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold 178,000 7.300 (22.000) I 8,700 82,000 8,875 8.920) 39,545 6,000 26,100 9.875) - 82300 Gross profit from sales Operating expenses Profit (loss) Gross profit ratio 19,775 1.700 18,000 6,275