Compute the missing amounts.
King Company Queen Company
Sales Revenue 56000 ?
Sales Ret...
Business, 25.11.2020 14:20 ineedhelpplz40
Compute the missing amounts.
King Company Queen Company
Sales Revenue 56000 ?
Sales Returns and Allowances ? 5000
Net Sales 50000 ?
COGS 33000 80000
Gross Profit ? 32000
Operating Expenses 12000 ?
Net Income ? 14000
Required:
Calculate the profit margin and the gross profit rate for each company. (Round answers to 2 decimal places, e. g. 15.25.)
a. King Company;
b. Profit Margin %
c. Gross Profit Rate %
d. Queen Company;
e. Profit Margin %
f. Gross Profit Rate %
Answers: 1
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