Question: Financial information is presented here for two companies. Instructions(a) Fill in the missing amounts. Show all computations.(b) Calculate the profit margin ratio and the gross

Financial information is presented here for two companies.

Instructions(a) Fill in the missing amounts. Show all computations.(b) Calculate the profit margin ratio and the gross profit rate for each company.(c) Discuss your findings in part(b).

Indig Company Perez Company Sales revenue Sales returns $90,000 $ 5,000 84,000 58,000 Net sales 100,000 Cost of goods sold Gross profit Operating expenses 40,000 14,380 Net income 17,000

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