Question: Please help! Not sure what I'm doing wrong. Maybe I'm rounding wrong?For Profit margin, I'm dividing net income by sales revenue, and for Gross profit

 Please help! Not sure what I'm doing wrong. Maybe I'm rounding

Please help! Not sure what I'm doing wrong. Maybe I'm rounding wrong?For Profit margin, I'm dividing net income by sales revenue, and for Gross profit rate, I'm dividing gross profit by sales revenue.

Fill in the missing amounts. Blossom Company Sunland Company $90,000 103000 Sales revenue Sales returns and allowances 10000 $ 3,000 Net sales 80,000 100,000 Cost of goods sold 54,000 60000 Gross profit 26000 40,000 Operating expenses 14,200 26000 Net income 11800 14,000 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT LINK TO TEXT (b) Your answer is partially correct. Try again. Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, e.g. 15.5%.) Blossom Company Sunland Company Profit margin 14 Gross profit rate 29 % 1 57 %

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