part (a) and (b) answer

Please do Part (c), Which is ''Discuss your fi ndings in part (b)''.

Yanik Company $90,000 Nunez Company Sales revenue Sales returns and allowances Net sales Cost of goods sold $ 5,000 100,000 84,000 58,000 Gross profit 40,000 14,380 Operating expenses Net income 17,000 Calculate the profit margin and the gross profit rate for each company. (Round answers to 0 decimal places, e.g. 15%.) Yanik Nunez Profit margin Gross profit rate Yanik Company Nunez Company Sales Revenue 90,000 105,000 Sales returns and allowances 6,000 5,000 Net sales 84,000 100,000 Cost of goods sold 58,000 60,000 Gross Profit 26,000 40,000 Operating expenses 14,380 23,000 Net income 11,620 17,000 Profit margin %(Net profit/Sales)*100 13.83% 17% Gross profit %(Gross profit/Sales)*100 30.95% 40%