Calculate the missing amounts. Sales Cost of goods sold Gross profit Operating expenses Net income Profit margin Marigold Inc. Gross profit margin $80,500 54,740 15,295 Marigold Inc. Calculate the profit margin and the gross profit margin for each company. (Round answers to 1 decimal place, e.g. 17.5%.) % Martinez Inc. % $102,000 39,780 18,870 Martinez Inc. % %
Calculate the missing amounts. Sales Cost of goods sold Gross profit Operating expenses Net income Profit margin Marigold Inc. Gross profit margin $80,500 54,740 15,295 Marigold Inc. Calculate the profit margin and the gross profit margin for each company. (Round answers to 1 decimal place, e.g. 17.5%.) % Martinez Inc. % $102,000 39,780 18,870 Martinez Inc. % %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Calculate the missing amounts.
Sales
Cost of goods sold
Gross profit
Operating expenses
Net income
Profit margin
Marigold Inc.
Gross profit margin
$80,500
54,740
15,295
Marigold Inc.
Calculate the profit margin and the gross profit margin for each company. (Round answers to 1 decimal place, e.g. 17.5%.)
%
Martinez Inc.
%
$102,000
39,780
18,870
Martinez Inc.
%
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F70fbc0ba-3827-4d4c-82b9-aa96d793e315%2F6ddc04ae-346d-4f66-8c4e-f4203e9267c9%2F6amq85_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Calculate the missing amounts.
Sales
Cost of goods sold
Gross profit
Operating expenses
Net income
Profit margin
Marigold Inc.
Gross profit margin
$80,500
54,740
15,295
Marigold Inc.
Calculate the profit margin and the gross profit margin for each company. (Round answers to 1 decimal place, e.g. 17.5%.)
%
Martinez Inc.
%
$102,000
39,780
18,870
Martinez Inc.
%
%
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