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

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