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,$,256,000,$,180,000,$,45,000,],[Sales discounts,,2.560,,,1,100,,500,],[Sales returns and allowances,,,,16,000,5.500,,,],[Net sales,,,,163,000,,,42,000,],[Cost of goods sold,,153.600,,,57,000,,,],[Gross profit from sales,,51,000,,,48.400,,20,000,],[Selling expenses,,17.920,,19,000,25.000,,,],[Administrative expenses,,25,600,,,29.700,,9,000,],[Total operating expenses,,,,46,000,,,,],[Profit (loss),,,,14.400,,,2.000,],[Gross profit ratio,,,,,,,,%
 Exercise 5-11 Calculating income statement components LO1,5 Calculate the missing amounts.

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