Question: Please help! What the answer to question 13? Thanks. Compute missing amounts and compute gross profit rate. (LO 5) ES-13 Presented below is financial information

Please help! What the answer to question 13? Thanks.

Compute missing amounts and compute gross profit rate. (LO 5) ES-13 Presented below is financial information for two different companies. Winter Company Summer Company $92,000 Sales revenue Sales returns Net sales Cost of goods sold Gross profit Operating expenses Net income 5,000 102,000 41,500 18,000 87,000 56,000 15,000 (a) Determine the missing amounts. (b) Determine the gross profit rates. (Round to one decimal place.)

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