Question: Financial information is presented here for two companies.Compute missing amounts and calculate profitability ratios.YosteCompanyNooneCompanySales revenue$ 9 0 , 0 0 0 ( d ) Sales

Financial information is presented here for two companies.Compute missing amounts and calculate profitability ratios.YosteCompanyNooneCompanySales revenue$90,000(d)Sales returns and allowances(a)$5,000Net sales84,000100,000Cost of goods sold58,000(e)Gross profit(b)40,000Operating expenses14,380(f)Net income(c)17,000Instructionsa. Fill in the missing amounts. Show all computations.b. Calculate the profit margin and the gross profit rate for each company.c. Discuss your findings in part (b).

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