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s.com/courses/38929/assignments/5428065 Income statement information is presented here for two companies: Calculate the missing amounts. Bramble...

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Accounting

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s.com/courses/38929/assignments/5428065 Income statement information is presented here for two companies: Calculate the missing amounts. Bramble Ltd. Sheffield Ltd. Sales $1,446,000 $ Sales returns and allowances 26,000 49,400 Net sales 2,125,000 655.000 1,174,000 Cost of goods sold Gross profit Operating expenses 581.000 Income from operations 311.000 Other revenues Other expenses 4,000 0 0 4,400 Income before income tax Income tax expense 41.700 250.300 Net income 0 Other expenses 0 4,400 Income before income tax Income tax expense 41,700 Net income 250,300 Calculate the gross profit margin and profit margin for each company. (Round all amounts to 1 decimal place, e.g. 5.2) Bramble Sheffield % % Gross profit margin % 96 Profit margin

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