Sheffield Company Sales revenue $100,000 (d) $ Sales returns and allowances (a) Net sales 94,500 116,000 Cost of goods sold 65,205 (e) Gross profit (b) 29295 38,280 Operating expenses 17,955 (f) Net income 11340 (c) 17.400 eTextbook and Media Calculate the profit margin and the gross profit rate for each company. (Round answers to 0 decimal ploces, eg. 15\%) Oriole Company Shefield Company 36 Profit margin