Question: Question 2 Financial information is presented here for two companies. Fill in the missing amounts. (Do not express any of the numbers in parentheses.) Rice

Question 2 Financial information is presented here for two companies. Fill

Question 2 Financial information is presented here for two companies. Fill in the missing amounts. (Do not express any of the numbers in parentheses.) Rice Ltd Young Ltd $90,000 Sales Sales returns $5,000 Net sales $81,000 $95,000 Cost of sales $56,000 $ Gross profit $38,000 Operating expenses $15,000 $ Profit $15,000 Calculate the profit margin ratio and the gross profit ratio for each company. (Use percentage form for the ratios and round the ratios to 1 decimal place.) Profit margin ratio Young Ltd Rice Ltd Gross profit ratio Young Ltd Rice Ltd

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