Financial information for two companies are presented below. Fill in the missing amounts. Sandhill Company Carla Vista Company Sales...

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Accounting

Financial information for two companies are presented below.
Fill in the missing amounts.
Sandhill Company
Carla Vista Company
Sales revenue $ 90,800 $
Sales returns and allowances $ 5,000
Net sales 83,000 127,000
Cost of goods sold 55,200
Gross profit $ 41,000
Operating expenses 14,580
Net income $ 18,000
eTextbook and Media
List of Accounts
Calculate the profit margin and the gross profit rate for eachcompany. (Round answers to 1 decimal place, e.g.15.5%.)
Sandhill Company
Carla Vista Company
Profit margin % %
Gross profit rate % %

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answer 1 Sandhill Company Carla Vista Company sales revenue 90800 132000 workings 1 sales returns and allowances 7800 workings 2 5000 net sales 83000 127000 cost of goods sold 55200 86000 workings 3 gross profit 27800 workings 4 41000 operating expenses 14580 23000 workings 5 See Answer

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	Sandhill Company	Carla Vista Company
Sales revenue	$ 90,800	$
Sales returns and allowances		$ 5,000
Net sales	83,000	127,000
Cost of goods sold	55,200
Gross profit	$	41,000
Operating expenses	14,580
Net income	$	18,000

	Sandhill Company		Carla Vista Company
Profit margin		%		%
Gross profit rate		%		%