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Financial information is presented here for two companies. Ayayai Inc. Whispering Winds Inc. Sales $89,300 $103,000 Cost of goods sold 58,045 ? Gross profit ?

image text in transcribedFinancial information is presented here for two companies. Ayayai Inc. Whispering Winds Inc. Sales $89,300 $103,000 Cost of goods sold 58,045 ? Gross profit ? 43,200 Operating expenses 16,967 ? Net income ? 16,500

Sales Cost of goods sold Gross profit Operating expenses Net income Ayayai Inc. $89,300 58,045 ? 16,967 ? Whispering Winds Inc. $103,000 ? 43,200 ? 16,500 (a) Fill in the missing amounts. Ayayai Inc. $89,300 58,045 Whispering Winds Inc. $103,000 Sales Cost of goods sold Gross profit 43,200 Operating expenses 16,967 Net income 16,500 Save for Later Attempts: 0 of 1 used Submit Answer Question Part Score --/3 (b) Calculate the profit margin and the gross profit margin for each company. (Round answers to 1 decimal place, e.g. 17.5%.) Ayayai Whispering Winds Profit margin % Gross profit margin

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