Financial information for two companies are presented below. Fill in the missing amounts. Monty Corp....
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Financial information for two companies are presented below. Fill in the missing amounts. Monty Corp. Whispering Winds Corp. Sales revenue $90,000 $ Sales returns and allowances 5,000 Net sales 84,000 106,000 Cost of goods sold 53,760 Gross profit 40,280 Operating expenses 15,120 Net income 21,200 eTextbook and Media Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, e.g. 15.5%.) Monty Corp. Whispering Winds Corp. Profit margin Gross profit rate
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