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) Dae Company Kim

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)

Dae Company Kim Company Sales revenue Sales returns Net sales Cost of goods sold Gross profit Operating expenses Net income (d) $ 5,000 102,000 (e) $90,000 (a) 87,000 56,000 (b) 15,000 (c) 41.500 (f) 15,000

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