Simulation $2$

Financial information is presented here for two companies:

Brimmes Company Elridge Company

Sales $ $90,000?$

Sales Returns $?$ $ $5,000$

Net Sales $81,00095,000$

Cost of Goods Sold $56,000?$

Gross Profit $?38,000$

Operating Expenses $15,000?$

Profit $?15,000$

Instructions

a$)$ Fill in the missing amounts. Show all calculations.

b$)$ Calculate the gross profit margin and profit margin for each company. Comment on the results