Financial information for two companies are presented below.

Fill in the missing amounts.

		Oriole Company		Ivanhoe Company
Sales revenue		$ 97,200		$
Sales returns and allowances				$ 4,000
Net sales		83,000		106,000
Cost of goods sold		54,800
Gross profit		$		44,000
Operating expenses		14,700
Net income		$		15,600

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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			%			%