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? ? Financial information is presented here for two companies. Novak Inc. Flounder Inc. Sales $93,100 $ Sales returns and allowances 4.500 Net sales 80,000
? ? Financial information is presented here for two companies. Novak Inc. Flounder Inc. Sales $93,100 $ Sales returns and allowances 4.500 Net sales 80,000 90,000 Cost of goods sold 61,000 Gross profit 36,900 Operating expenses 13,200 Net income 18,200 ? ? ? ? Fill in the missing amounts. Flounder Inc. Novak Inc. $93,100 $ 4,500 90,000 Sales Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses Net income 80,000 61,000 36,900 13,200 18.200 Calculate the profit margin and the gross profit margin for each company. (Round answers to 1 decimal place, eg. 17.5%) Novak Flounder Profit margin Gross profit margin % % %
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