Calculate the missing amounts. (Loss amounts should be indicated with a minus sign and input all other amounts as positive values. Do not round intermediate calculations. Round "Gross profit ratio" to 2 decimal places.) Company A Company B 2023 2022 2023 2022 Sales $ 249,000 $ 173,000 $ 41,500 Sales discounts 2,490 1,000 430 Sales returns and allowances 15,300 4,800 Net sales 155,850 38,500 Cost of goods sold 150,100 56,300 Gross profit from sales 50,300 47,700 17,900 Selling expenses 17,220 18,300 24,300 Administrative expenses 24,900 29,000 8,300 Total operating expenses 42,120: 44,600 Profit (loss) 13,700 1,300 Gross profit ratio % % % %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Calculate the missing amounts. (Loss amounts should be indicated with a minus sign and input all other amounts as positive
values. Do not round intermediate calculations. Round "Gross profit ratio" to 2 decimal places.)
Company A
Company B
2023
2022
2023
2022
Sales
$
249,000
$
173,000
$
41,500
Sales discounts
2,490
1,000
430
Sales returns and allowances
15,300
4,800
Net sales
155,850
38,500
Cost of goods sold
150,100
56,300
Gross profit from sales
50,300
47,700
17,900
Selling expenses
17,220
18,300
24,300
Administrative expenses
24,900
29,000
8,300
Total operating expenses
42,120:
44,600
Profit (loss)
13,700
1,300
Gross profit ratio
%
%
%
%
Transcribed Image Text:Calculate the missing amounts. (Loss amounts should be indicated with a minus sign and input all other amounts as positive values. Do not round intermediate calculations. Round "Gross profit ratio" to 2 decimal places.) Company A Company B 2023 2022 2023 2022 Sales $ 249,000 $ 173,000 $ 41,500 Sales discounts 2,490 1,000 430 Sales returns and allowances 15,300 4,800 Net sales 155,850 38,500 Cost of goods sold 150,100 56,300 Gross profit from sales 50,300 47,700 17,900 Selling expenses 17,220 18,300 24,300 Administrative expenses 24,900 29,000 8,300 Total operating expenses 42,120: 44,600 Profit (loss) 13,700 1,300 Gross profit ratio % % % %
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