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Fill in the missing amounts. Whispering Winds Corp. Metlock, Inc. Sales revenue $88,000 $ $ Sales returns and allowances 4,800 Net sales 82,000 104,000 Cost
Fill in the missing amounts. Whispering Winds Corp. Metlock, Inc. Sales revenue $88,000 $ $ Sales returns and allowances 4,800 Net sales 82,000 104,000 Cost of goods sold 53,300 Gross profit 38,480 Operating expenses 14,760 Net income 19,760 Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, e.g. 15.5%.) Monty Corp. Whispering Winds Corp. Profit margin % % Gross profit rate % %
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