Exercise 5-7 Financial information for two companies are presented below. Fill in the missing amounts. Sheridan Company Crane Company Sales revenue $90,600 $ 5,000 Sales returns and allowances Net sales Cost of goods sold 82,200 111,000 54,400 Gross profit 49,000 Operating expenses 14,360 Net income 14,400 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, e.g. 15.5%.) Sheridan Company Crane Company Profit margin % % Gross profit rate % % SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT