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Fill in the missing amounts. Crane Company Sheridan Company $92,000 Sales revenue Sales returns and allowances 3,000 Net sales 86,000 109,000 Cost of goods sold

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Fill in the missing amounts. Crane Company Sheridan Company $92,000 Sales revenue Sales returns and allowances 3,000 Net sales 86,000 109,000 Cost of goods sold 55,900 Gross profit 49,050 Operating expenses 16,512 Net income 17,440 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%.) Crane Company Sheridan Company Profit margin Gross profit rate %

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