Problem 5-8A Sage Hill Inc. operates a retail operation that purchases and sells snowmobiles, among other outdoor products. The company purchases all inventory on credit and uses a periodic inventory system. The Accounts Payable account is used for recording inventory purchases only; all other current liabilities are accrued in separate accounts. You are provided with the following selected information for the fiscal years 2015 through 2018, inclusive

Calculate the missing amounts.

		2015		2016			2017			2018
Income Statement Data
Sales revenue				$127,895			$enter a dollar amount	(e)		$108,530
Cost of goods sold				enter a dollar amount	(a)		37,039			34,967
Gross profit				89,496			78,698			enter a dollar amount	(i)
Operating expenses				84,005			enter a dollar amount	(f)		69,788
Net income				$enter a total net income	(b)		$ 4,633			$enter a total net income	(j)
Balance Sheet Data
Inventory		$17,160		$enter a dollar amount	(c)		$19,404			$enter a dollar amount	(k)
Accounts payable		7,656		8,580			6,072			enter a dollar amount	(l)
Additional Information
Purchases of inventory on account				34,175			$enter a dollar amount	(g)		$31,746
Cash payments to suppliers				enter a dollar amount	(d)		enter a dollar amount	(h)		32,538

Compute the gross profit rate and the profit margin for each fiscal year.

		2016			2017			2018
Gross profit rate (Round to 2 decimal places, e.g. 15.50%.)		enter percentages rounded to 2 decimal places	%		enter percentages rounded to 2 decimal places	%		enter percentages rounded to 2 decimal places	%
Profit margin (Round to 2 decimal places, e.g. 15.30%.)		enter percentages rounded to 2 decimal places	%		enter percentages rounded to 2 decimal places	%		enter percentages rounded to 2 decimal places	%