Question: Calculate the missing amounts. (Loss amounts should be indicated with a minus sign and input all other amounts as positive values. Do not round intermediate
Calculate the missing amounts. (Loss amounts should be indicated with a minus sign and input all other amounts as positive values. Do not round intermediate calculations. Round "Gross profit ratio" to 2 decimal places.) Company A Company 2023 2022 2023 2022 Sales $ 254,000 $ 178,000 $ 44,000 Sales discounts 2,540 1,100 400 Sales returns and allowances 15,800 5,300 Net sales 160,600 41,000 Cost of goods sold 152,600 56.800 Gross profit from sales 50,800 48,200 19 400 Selling expenses 17.720 18,800 24.800 Administrative expenses 25,400 29,500 8,800 45,000 Total operating expenses 14,200 1,800 Profit (loss) % Gross profit ratio
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