E #7 Financial Statement Information is presented here for two companies: Sheila Aron Company Company...
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Accounting
E #7 Financial Statement Information is presented here for two companies: Sheila Aron Company Company Sales Revenue 95,000 ? Sales returns and allowances ? 4,000 Net Sales 84,000 100,000 Cost of goods sold 58,000 ? Gross profit ? 40,000 Operating expenses 14,380 ? Net Income ? 17,000 Gross profit % Profit margin"% a) Fill in the missing amounts. Show all computations. b) Calculate the profit margin and the gross profit rate for each company. c) Discuss your findings in part b, which company is in a stronger financial position
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You can see the logs in the Dashboard.