Question 2 of 2 1.25/2 Financial information for two companies are presented below. Your answer is correct Fill in the missing amounts. Ivanhoe Company Pharoah Company Sales revenue $95,800 $ 140000 Sales returns and allowances 14600 1 $ 6,000 81.200 Net sales Cost of goods sold 134,000 90000 1 54,200 Gross profit 27000 44,000 Operating expenses 14,460 27400 1 Net income $ 12540 16,600 List of Accounts MacBook Pro "13.1" A & - %23 # 3 $ 4 % 5 6 7 8 9 0 W E R T Y U 0 S D F. G H JK w Question 2 of 2 > 1.25/2 Operating expenses 14,460 27400 Net Income $ 12540 16,600 List of Accounts Your answer is partially correct. 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 131 % % Gross proftrate 28.2 % 314 List of Accounts Save for Later Attempts: 1 of 3 used Submit Answer MacBook Pro > "13.1" @ A ( # 3 $ 4 % 5 & 7 2 6 8 9 0 W E R T Y U 0 P. S D F G H J K L