Fill in the missing amounts. Sunland Company Monty Corp. Sales revenue $92,000 $ 113200 Sales returns and allowances 6000 i 5,200 Net sales 86,000 108,000 Cost of goods sold 55,900 66960 i Gross...


Fill in the missing amounts. Sunland Company Monty Corp. Sales revenue $92,000 $ 113200 Sales returns and allowances 6000 i 5,200 Net sales 86,000 108,000 Cost of goods sold 55,900 66960 i Gross profit 30100 41,040 Operating expenses 13,760 19440 i Net income 16340 21,600 Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, e.g. 15.5%.) Sunland Company Monty Corp. Profit margin % % Gross profit rate % %

May 26, 2022
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