Your answer is correct. Calculate the missing amounts 2015 2016 2017 2018 Income Statement Data Sales revenue $125,957 113984 $106,886 37817 (a) 88,140 82,732 36,478 34,437 Cost of goods sold Gross profit Operating expenses Net income 77,506 72449 68,731 72943 4,563 3718 Balance Sheet Data $16,900 $19,110 12740 15938 Accounts payable 7,540 8,450 5,980 5200 Additional Information Purchases of inventory on account 33,657 $31,265 Cash payments to suppliers 32747 (d) 45318 h) 32,045 Attempts: 1 of 2 used (b2) Compute the gross profit rate and the profit margin for each fiscal year 2016 2017 2018 Gross profit rate (Round to 2 decimal places, e.g. 15.50%) Profit margin (Round to 2 decimal places, e.g. 15.30%)