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Problem - Lale Inc. operates a real ceration that purchases and sells snowmobiles, among other outdoor products. The company purchases all inventory on credit and

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Problem - Lale Inc. operates a real ceration that purchases and sells snowmobiles, among other outdoor products. The company purchases all inventory on credit and uses a penodie mentory system. The Accounts Payable account is used for recording inventory purchases only all other current liabilities are accrued in separate accounts. You are provided with the following selected information for the fiscal years 2015 through 2018, inclusive Caleate the missing amounts 2015 2016 2013 2018 Income Statement Data Se revenue 5122,051 (e) $103,597 Cost of goods sold a) 35.356 33,377 Gross profit 85,428 75,121 Operating expenses HD,1, (1) 66,516 b) $4,423 101) $ Net income Balance Sheet Data $16.380 c) $13,522 (k) 5 $ 7,308 8.190 5,796 XD kerana perable Additional Information Purchases of inventory on account 32,621 $ ka) 530,303 Cash payments to suppliers (d) th) 31.05 UTSTYTUNETTET UNK TO TEXT 2017 2018 Compute the gross profit rate and the profit margin for each Fiscal year 2016 Cross pruht rute (und te decimal places, e.g. 15.50 ..) Defit marginal decimal place, 6.9.18.30)

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