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Exercise 6-13 Financial information for two companies are presented below. Fill in the missing amounts. Blossom Company Sunland Company Sales revenue $100,000 Sales returns and
Exercise 6-13 Financial information for two companies are presented below. Fill in the missing amounts. Blossom Company Sunland Company Sales revenue $100,000 Sales returns and allowances 5,000 Net sales 94,000 120,000 Cost of goods sold 51,700 Gross profit 66,000 Operating expenses 28,388 Net income 20,400 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%.) Blossom Company Sunland Company Profit margin Gross profit rate % % Open Show Work Click if you would like to Show Work for this
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