Your answer is correct.

Fill in the missing amounts.

$\backslash$table$[[,$Pharoah Company,Sheridan Company$],[$Sales revenue,,$$80,000,($d$)$ $$,],[$Sales returns and allowances,$($a$),,,4,000],[$Net sales,,$74,500,,90,000],[$Cost of goods sold,,$52,150,($e$),],[$Gross profit,$4^{(b)},,,28,800],[$Operating expenses,,$14,900,($f$),],[$Net income,$($c$),,,11,700]]$

$($b$)$

Calculate the profit margin and the gross profit rate for each company. $($Round answers to $0$ decimal places, e$.$g$.15\%.)$

$\backslash$table$[[,$Pharoah Company,,Sheridan Company$],[$Profit margin,$\%,\%,],[$Gross profit rate,$\%,\%,]]$

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