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Question 2 of 2 -72 View Policies Current Attempt in Progress Financial information for two companies are presented below. Fill in the missing amounts. Oriole
Question 2 of 2 -72 View Policies Current Attempt in Progress Financial information for two companies are presented below. Fill in the missing amounts. Oriole Company Cullumber Company $96,000 Sales revenue $ $5,000 Sales returns and allowances Net sales Cost of goods sold 80,400 104,000 54,000 Gross profit $ 50,000 Operating expenses 14,660 Net income $ 15,800 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%.) Cullumber Company Oriole Company Profit margin % % Gross profit rate % List of Accounts
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