missing amounts. Ivanhoe Company Pharoah Company Sales revenue $92.000 Sales returns and allowances $5.000 Net sales 81,400 124,000 Cost of goods sold 54,800 43,000 %24 Gross profit 14.580 Operating expenses 16,200 Net income Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, eg 15.5%) Ivanhoe Company Pharoah Company Profit margin Gross profit rate missing amounts. Ivanhoe Company Pharoah Company Sales revenue $92.000 Sales returns and allowances $5.000 Net sales 81,400 124,000 Cost of goods sold 54,800 43,000 %24 Gross profit 14.580 Operating expenses 16,200 Net income Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, eg 15.5%) Ivanhoe Company Pharoah Company Profit margin Gross profit rate missing amounts. Ivanhoe Company Pharoah Company Sales revenue $92.000 Sales returns and allowances $5.000 Net sales 81,400 124,000 Cost of goods sold 54,800 43,000 %24 Gross profit 14.580 Operating expenses 16,200 Net income Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, eg 15.5%) Ivanhoe Company Pharoah Company Profit margin Gross profit rate