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Your answer is correct. Fill in the missing amounts. Sunland Company $92,000 Monty Corp. Sales revenue 112.200 Sales returns and allowances 6,000 i 5,200
Your answer is correct. Fill in the missing amounts. Sunland Company $92,000 Monty Corp. Sales revenue 112.200 Sales returns and allowances 6,000 i 5,200 Net sales 86,000 108,000 Cost of goods sold Gross profit 55,900 66,960 i 30,100 41,040 Operating expenses Net income eTextbook and Media 13,760 19,440 i 16.340 21.600 Attempt (b) Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, eg 15.5%) Profit margin Gross profit rate eTextbook and Media Sunland Company 96 Monty Corp. 96 Attemote:0 of 5
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