Question: Presented below is financial information for two different companies. Instructions(a) Determine the missing amounts.(b) Determine the gross profit rates. (Round to one decimalplace) Nam Mayo

Presented below is financial information for two different companies.

Instructions(a) Determine the missing amounts.(b) Determine the gross profit rates. (Round to one decimalplace)

Nam Mayo Company Company Sales $90,000 (d) $ 5.000 Sales returns (a) Net sales 84,000 100.000 Cost of goods sold Gross profit Operating expenses 56,000 (e) (b) 41.500 (f) 15,000 15,000 Net income (c)

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