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Financial information is presented here for two companies. Marigold Company Cullumber Company $61,000 Sales revenue ? Sales returns and allowances ? 3,850 Net sales 55,000
Financial information is presented here for two companies. Marigold Company Cullumber Company $61,000 Sales revenue ? Sales returns and allowances ? 3,850 Net sales 55,000 84,000 Cost of goods sold 34,100 ? ? 31,920 Gross profit Operating expenses Net income 11,000 ? ? 14,280 (6) Calculate the profit margin and the gross profit rate for each company. (Round answers to 2 decimal places, eg. 15.25.). Cullumber Company Marigold Coripany Proft margin Gross profitrate
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