Calculate the profit margin and the gross profit rate for each company. (Round a

Question

Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, e.g. 15.5%.)

Exercise 5-7

Financial information for two companies are presented below. Fill in the missing amounts.
Sandhill Company Carla Vista Company Sales revenue $90,200 $enter a dollar amount Sales returns and allowances enter a dollar amount $ 3,000 Net sales 83,800 130,000 Cost of goods sold 56,000 enter a dollar amount Gross profit $enter a subtotal of the two previous amounts 48,000 Operating expenses 14,760 enter a dollar amount Net income $enter a total net income 16,400

Explanation / Answer

Fill missing amount :

Calculate percentage :

Sandhill Company Carla vista company Sales Revenue 90200 133000 Sales return and allowance 6400 3000 Net sales 83800 130000 Cost of goods sold 56000 82000 Gross profit 27800 48000 Operating expense 14760 31600 Net income 13040 16400

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