Question: Exercise 5 - 1 1 Calculating income statement components LO 1 , 5 Calculate the missing amounts. ( Loss amounts should be indicated with a

Exercise 5-11 Calculating income statement components LO1,5
Calculate the missing amounts. (Loss amounts should be indicated with a minus sign and input all other amounts as p values. Do not round intermediate calculations. Round "Gross profit ratio" to 2 decimal places.)
\table[[,Company A,Company B],[,2023,2022,,2023,2022,],[Sales,$,248,000,,$,172,000,,,41,000,],[Sales discounts,,2,480,,,1,900,,1,100,,420,],[Sales returns and allowances,,45,720,,,15,200,,4,700,,,],[Net sales,,199,800,,,154,900,,103,800,,38,000,],[Cost of goods sold,,149,600,,,96,900,,56,200,,,],[Gross profit from sales,,50,200,,,58,000,,47,600,,17,600,],[Selling expenses,,17,120,,,18,200,,24,200,,+,],[Administrative expenses,,24,800,,,26,200,,28,900,,8,200,],[Total operating expenses,,41,920,,,44,400,,53,100,,,],[Profit (loss),,8,280,,,13,600,,(5,500),,1,200,],[Gross profit ratio,,25.12,%,,37.44,%,,%,,%
 Exercise 5-11 Calculating income statement components LO1,5 Calculate the missing amounts.

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