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Simulation 2 Financial information is presented here for two companies: ...

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Accounting

Simulation 2
Financial information is presented here for two companies:
Brimmes Company Elridge Company
Sales $ 90,000?
Sales Returns ? $ 5,000
Net Sales 81,00095,000
Cost of Goods Sold 56,000?
Gross Profit ?38,000
Operating Expenses 15,000?
Profit ?15,000
Instructions
a) Fill in the missing amounts. Show all calculations.
b) Calculate the gross profit margin and profit margin for each company. Comment on the results

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