Question: E5.13 (LO 5) Presented below is financial information for two different companies. Summer Company Sales revenue Sales returns Net sales Cost of goods sold Gross

E5.13 (LO 5) Presented below is financial information for two different companies. Summer Company Sales revenue Sales returns Net sales Cost of goods sold Gross profit Operating expenses Net income $92,000 (a) 87,000 56,000 (b) 15,000 (c) Instructions a. Determine the missing amounts. b. Determine the gross profit rates. (Round to one decimal place.) Winter Company (d) $ 5,000 102,000 (e) 41,500 (f) 18,000

E5.13 (LO 5) Presented below is financial information for two different companies. Instructions a. Determine the missing amounts. b. Determine the gross profit rates. (Round to one decimal place.)

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