Question: View Policies Current Attempt in Progress Financial information for two companies are presented below. Fill in the missing amounts. Sheridan Company Crane Company $95,200 $

View Policies Current Attempt in Progress Financial information for two companies are presented below. Fill in the missing amounts. Sheridan Company Crane Company $95,200 $ Sales revenue Sales returns and allowances $5,000 Net sales 82,200 119,000 Cost of goods sold 55,800 Gross profit $ 42,000 Operating expenses 14,200 Net income 15,000 List of Accounts 10 Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, eg. 15.5% ) Sheridan Company Crane Company % Profit margin % % % Gross profit rate List of Accounts
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