Question 2 of 2 -12 Crane Company Sheridan Company $94,600 $ Sales revenue $4,000 Sales returns and allowances Net sales Cost of goods sold 81,400 132.000 54,200 $ 40,000 Gross profit Operating expenses Net income 14,540 14,600 List of Accounts Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, e.g. 15.5%) Crane Company Sheridan Company Proht margin % % Gross proht rate % List of Accounts