Fill in the missing amounts.
Yoste Company
Noone Company
Sales revenue $90,000
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Sales returns and allowances
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$ 5,000
Net sales 84,000 100,000
Cost of goods sold 58,000
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Gross profit
40,000
Operating expenses 14,380
Net income
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17,000
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Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, e. g. 15.5%.)
Yoste Company
Noone Company
Profit margin
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%
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%
Gross profit rate
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%
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%
Answers: 1
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Fill in the missing amounts.
Yoste Company
Noone Company
Sales revenu...
Yoste Company
Noone Company
Sales revenu...
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