Fill in the missing amounts.

		Wildhorse Company		Sandhill Company
Sales revenue		$85,000		$
Sales returns and allowances				4,000
Net sales		79,000		146,000
Cost of goods sold		45,030
Gross profit				77,380
Operating expenses		22,515
Net income				20,440

Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, e.g. 15.5%.)

		Wildhorse Company			Sandhill Company
Profit margin			%			%
Gross profit rate			%			%