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Calculate the missing quantities.King CompanyQueen's Companysales revenue56000?Sales returns and benefits?5000net sales50000?COGS3300080000Gross profit?32000operating expenses12000?Net Income?14000Calculate the...

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Accounting

Calculate the missing quantities.



King CompanyQueen's Company
sales revenue
56000?
Sales returns and benefits
?5000
net sales
50000?
COGS
3300080000
Gross profit
?32000
operating expenses
12000?
Net Income
?14000


Calculate the profit margin and gross profit rate for each company. 

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