Financial information is presented here for two companies.

		Wildhorse Company			Blossom Company
Sales revenue		$63,000			?
Sales returns and allowances		?			4,680
Net sales		52,000			85,000
Cost of goods sold		33,280			?
Gross profit		?			30,600
Operating expenses		12,000			?
Net income		?			13,600

Compute the missing amounts.

		Wildhorse Company			BlossomCompany
Sales revenue		$63,000			$enter a dollar amount
Sales returns and allowances		$enter a dollar amount			4,680
Net sales		52,000			85,000
Cost of goods sold		33,280			$enter a dollar amount
Gross profit		$enter a dollar amount			30,600
Operating expenses		12,000			$enter a dollar amount
Net income		$enter a total net income amount			13,600

Calculate the profit margin and the gross profit rate for each company. (Round answers to 2 decimal places, e.g. 15.25.)

		Wildhorse Company		Blossom Company
Profit margin		enter percentages rounded to 2 decimal places		enter percentages rounded to 2 decimal places
Gross profit rate		enter percentages rounded to 2 decimal places		enter percentages rounded to 2 decimal places