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.
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[[Sales,Company A,Company B],[2023,2022,,5,2023,2022],[$,254,000,$,178,000,,,,$,44,000,],[Sales discounts,,2,540,,144,200,,,1,100,,,480,],[Sales returns and allowances,,,,15,800,,,5,300,,,,],[Net sales,,,,160,600,,,ele,,,41,000,],[Cost of goods sold,,152,600,,1,,,56,800,?,,,],[Gross profit from sales,,50,800,,,,,48,200,,,19,400,],[Selling expenses,,17,720,,18,800,,,24,800,,,,],[Administrative expenses,,25,400,,1,,,29,500,,,8,800,],[Total operating expenses,,,,45,600,,,,r,,,],[Profit (loss),,,,14,200,,,,,,1,800,],[Gross profit ratio,,,,,%,,,%,,,%
(Loss amounts should be indicated with a minus sign and input all

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