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Fill in the missing amounts. Blossom Company Sunland Company Sales revenue $90,000 $ Sales returns and allowances $ 3,000 Net sales 80,000 100,000 Cost of
Fill in the missing amounts. Blossom Company Sunland Company Sales revenue $90,000 $ Sales returns and allowances $ 3,000 Net sales 80,000 100,000 Cost of goods sold 54,000 Gross profit $ 40,000 Operating expenses 14,200 Net income $ 14,000 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 % % LINK TO TEXT LINK TO TEXT
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