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Financial information for two companies are presented below. Fill in the missing amounts. Oriole Company Ivanhoe Company Sales revenue $90,800 $ Sales returns and allowances
Financial information for two companies are presented below. Fill in the missing amounts. Oriole Company Ivanhoe Company Sales revenue $90,800 $ Sales returns and allowances $ 5,000 Net sales 80,000 135,000 Cost of goods sold 54,000 Gross profit $ 43,000 Operating expenses 14,520 Net income $ 18,200 e Textbook and Media List of Accounts Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, e.g. 15.5%.) Oriole Company Ivanhoe Company Profit margin % % Gross profit rate % %
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