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 positive values. Do not round intermediate calculations. Round "Gross profit ratio" to 2 decimal places.)
\table[[,Company A,Company B],[,2023,2022,,2023,2022],[Sales,$,266,000,,190,000,,,$,50,000,],[Sales discounts,,2,660,,,,1,200,,,600,],[Sales returns and allowances,,,,17,000,,6,500,,,,],[Net sales,,,,171,500,,,,,47,000,],[Cost of goods sold,,158,600,,,,58,000,,,,],[Gross profit from sales,,52,000,,,,49,400,,,23,000,],[Selling expenses,,18,920,,20,000,,26,000,,,,],[Administrative expenses,,26,600,1,,,30,700,,,10,000,],[Total operating expenses,,th,,48,000,,,,,,],[Profit (loss),,111,,15,400,,,,,3,000,],[Gross profit ratio,,,,,%,,%[,,,%
 Exercise 5-11 Calculating income statement components LO1,5 Calculate the missing amounts.

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