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The following information is available from the annual reports of Oriole Company and Skysong Inc. (Amounts in millions) Oriole Skysong Sales revenue $35,050 $42,900 Cost
The following information is available from the annual reports of Oriole Company and Skysong Inc. (Amounts in millions) Oriole Skysong Sales revenue $35,050 $42,900 Cost of goods sold 21,600 25,250 Operating expenses 8,660 10,860 Income before taxes 5,880 6,100 Net income 2,050 3,590 Calculate the profit margin and gross profit rate for each company. (Round answers to 1 decimal places, e.g. Profit margin Gross profit rate Oriole Skysong % % % %
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