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Financial information is presented here for two companies. Sales Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses Net income
Financial information is presented here for two companies. Sales Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses Net income Martinez Inc. Marigold Inc. $92,100 $ ? ? 4,800 76,200 100,000 56,800 ? ? 42,700 14,100 ? ? 19,500 Fill in the missing amounts. Martinez Inc. Marigold Inc Sales $92,100 $ 4,800 Sales returns and allowances Net sales Cost of goods sold 76,200 100,000 56.800 42.700 Gross profit Operating expenses 14,100 19.500 Net income alui. Martinez Inc. Marigold Inc Sales $92,100 Sales retums and allowances 4,800 Net sales 76,200 100,000 Cost of goods sold 56,800 Gross profit 42,700 Operating expenses 14,100 Net income 19,500 Calculat the profit margin and the gross profit margin for each company. (Round answers to 1 decimal place, e.g. 17.5%) Martinez Marigold Profit margin % 9 Gross profit margin 96 96
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