Exercise 5-7 Financial information for two companies are presented below Fill in the missing amounts Sheridan Company Crane Company $95,200 Sales revenue 5,000 Sales returns and allowances 119,000 Net sales 82,200 Cost of goods sold 55,800 Gross profit 42,000 operating expenses 14,200 Net income 15,000 Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, e.g. 15.5%) Sheridan Company Crane Company Profit margin Gross profit rate