Question: please solve this Complete the following table. (Input all amounts as positive values. Do not round intermediate calculations. Round Gross profit ratio to 2 decimal
please solve this

Complete the following table. (Input all amounts as positive values. Do not round intermediate calculations. Round "Gross profit ratio" to 2 decimal places.) Company A Company B 2020 2019 2020 2019 Sales 123,000 175,000 88,500 Cost of goods sold Merchandise inventory (beginning) 10,000 27.000 8,575 5,700 Net cost of merchandise purchases 88.500 25,800 Merchandise inventory (ending) 21,700 8,620 9,575 Cost of goods sold 88,800 105 700 Gross profit from sales 38 945 19, 175 Operating expenses 28,600 53.700 26,700 Profit (loss) 5,600 15,600 5,975 Gross profit ratio
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