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Financial information for two companies are presented below. Fill in the missing amounts. Blossom Company...

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Accounting

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Financial information for two companies are presented below. Fill in the missing amounts. Blossom Company Sunland Company Sales revenue $102,000 s Sales returns and allowances 4,000 96,000 102,000 Net sales Cost of goods sold 61,440 Gross profit 46,920 Operating expenses 21,792 Net income 17,340 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, e.g. 15.5%.) Blossom Company Sunland Company Profit margin Gross profit rate % %

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