Question: Fill in the missing amounts. Whispering Winds Corp. Metlock, Inc. Sales revenue $88,000 $ 108800 Sales returns and allowances 6000 i 4,800 Net sales 82,000


Fill in the missing amounts. Whispering Winds Corp. Metlock, Inc. Sales revenue $88,000 $ 108800 Sales returns and allowances 6000 i 4,800 Net sales 82,000 104.000 Cost of goods sold 53,300 65520 i Gross profit 28700 38,480 Operating expenses 14,760 18720 i Net income 13940 19.760 Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, e.g. 15.5%.) Whispering Winds Corp. Metlock, Inc. Profit margin 19.1 % 17.0 % Gross profit rate 37.0 % %
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