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The following information is available from the annual reports of Blossom Company and Sunland Inc. Calculate the profit margin and gross profit rate for each

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The following information is available from the annual reports of Blossom Company and Sunland Inc. Calculate the profit margin and gross profit rate for each company. (Amounts in millions) Blossom Sunland Sales revenue $32,350 $41,600 Cost of goods sold 20,700 25.050 Operating expenses 8,380 9,500 Income before taxes 5,530 6,560 Net income 2,860 3,840

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