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,$,248,000,,$,172,000,,,41,000],[\table[[Sales discounts]],,2,480,,,1,900,,1,100,,420],[Sales returns and allowances,,,,,15,200,,4,700,,],[Net sales,,,,,154,900,,,,38,000],[Cost of goods sold,,149,600,,,104,700,,56,200,,],[Gross profit from sales,,50,200,,,,,47,600,,17,600],[Selling expenses,,17,120,,,18,200,,24,200,,],[Administrative expenses,,24,800,,,,,28,900,,8,200],[Total operating expenses,,,,,44,400,,,,],[Profit (loss),,,,,13,600,,,,1,200],[Gross profit ratio,,,%,,,,,1,]]
 Exercise 5-11 Calculating income statement components LO1,5 Calculate the missing amounts.

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