Question
ter 5 Practice Assignment Part B (new one) 3 Seved Calculate the missing amounts. (Loss amounts should be indicated with a minus sign and
ter 5 Practice Assignment Part B (new one) 3 Seved Calculate the missing amounts. (Loss amounts should be indicated with a minus sign and input all other amounts as positive values. Do not round intermediate calculations. Round "Gross profit ratio" to 2 decimal places.) Company A Company B 2020 2019 2020 2010 Sales $ 262,000 $ 186,000 $ 48,000 Sales discounts 2,620 1,100) 500 Sales returns and allowances 51,180 16,600 6,100, ook Net sales 208,200 168,100 45,000 int Cost of goods sold 156,600 57,600 Gross profit from sales 51,600 49,000 21,800 Selling expenses 18,520 19,600 25,600 Administrative expenses 26,200 30,300 9,600 Total operating expenses 44,720 47,200 Profit (loss) 6,880 15,000 2,600 Gross profit ratio 24.78% % Help
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