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Financial information is presented here for two companies Flounder Inc $90,000 Sales Cost of goods sold Gross pront Operating expenses Net income Novak Inc. $80,000

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Financial information is presented here for two companies Flounder Inc $90,000 Sales Cost of goods sold Gross pront Operating expenses Net income Novak Inc. $80,000 60,960 2 13.120 2 36.900 ? 18,200 la) Fill in the missing amounts Sales Novak Inc. $80.00 60.960 Flounder Inc. $90,000 Cost of goods sold Gross profit 36.900 Operating expenses 13,120 Net income 10.200 Savior Attempts: 0 of 1 used Submit Answer Question Part Score . (b) Calculate the profit margin and the gross profit margin for each company. (Round answers to 1 decimal place, as 17.5%) Novak Flounder

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