round to two decimal places ) . anded May 31 , 2019 , of 22 % . Is the change in the ratio favourable or unfavourable ? Analysis Component : Refer to your answer in part ( d ) . Westlawn experienced a gross profit ratio for the year Exercise 5-11 Calculating income statement components LO1 , 5 Referring to Exhibit 5.15 , calculate the missing amounts ( round to two decimal places ) . bercise 5-12 Preparing an income statement - perpetual L05 ing expenses, (c) cost of goods sold, and (d) gross profit ratio Company A Company B 2020 2019 2020 2019 Sales $187,000 $ ? $48,500 $263,000 2.630 Sales discounts. 1.200 570 Sales returns and allowances. 16,700 6,200 ? ? 168,950 ? 45,500 157,100 ? 57,700 ? 51,700 49.100 22,100 Net sales. Cost of goods sold. Gloss profit from sales Selling expenses Administrative expenses Total operating expenses. Politloss). 18,620 19,700 25,700 ? 26,300 ? 30,400 9,700 ? ? 47,400 15,100 ? ? 2,700 ? ? ? Gross profit ratio. Analysis Component: Company A and Company B are in similar industries. Comment on their comparative performances. CHECK FIGURE: a. Profit = $7,815 sted in alphabetical order for Compu-Soft for the month ended