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The following information is available from the annual reports of Cullumber Company and Bramble Inc. (Amounts in millions) Cullumber Bramble Sales revenue $42,900 $51,570
The following information is available from the annual reports of Cullumber Company and Bramble Inc. (Amounts in millions) Cullumber Bramble Sales revenue $42,900 $51,570 Cost of goods sold 26,190 31,540 Operating expenses 10,740 12,150 Income before taxes 5,960 7,870 Net income 4,480 5,660 Calculate the profit margin and gross profit rate for each company. (Round answers to 1 decimal places, eg. 15.2% Profit margin Gross profit rate Cullumber % % Bramble %
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