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Financial information for two companies are presented below. Fill in the missing amounts. Larkspur, Inc. Windsor, Inc. Sales revenue $84,000 $ Sales returns and allowances

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Financial information for two companies are presented below. Fill in the missing amounts. Larkspur, Inc. Windsor, Inc. Sales revenue $84,000 $ Sales returns and allowances 4,400 Net sales 78,000 100,000 Cost of goods sold 53,040 Gross profit 34,000 Operating expenses 13,260 Net income 16,000 e Textbook and Media Sales returns and allowances 4.400 78,000 100,000 Net sales Cost of goods sold 53,040 Gross profit 34,000 Operating expenses 13,260 Net income 16,000 e Textbook and Media Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, eg. 15.5%.) Larkspur, Inc. Windsor, Inc. Profit margin % % Gross profit rate % %6

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