Compute the missing amounts. King Company Queen Company
Sales Revenue 56000 ?
Sales Returns and Allowances ? 5000
Net Sales 50000 ?
COGS 33000 80000
Gross Profit ? 32000
Operating Expenses 12000 ?
Net Income ? 14000

Required:
Calculate the profit margin and the gross profit rate for each company. (Round answers to 2 decimal places, e. g. 15.25.)

a. King Company;
b. Profit Margin %
c. Gross Profit Rate %
d. Queen Company;
e. Profit Margin %
f. Gross Profit Rate %

                                             King Company   Queen Company

Sales Revenue                        $56,000                $117,000

                                                                            (112000+5000)

Sales Returns & Allowance    $6,000                    $5,000

                                             (56000-50000)

Net Sales                                $50,000                 $112,000

COGS                                      $33,000                  $80,000

Gross Profit                             $17,000                  $32,000

                                           (50000-33000)

Operating Expenses               $12,000                  $18,000

Net Income                              $5,000                   $14,000

Profit Margin %  = [Net Income / Net Sales]

King Company = 5,000/ 50,000* 100 = 10.00%

Queen Company = 14,000 / 112,000 * 100 = 12.50%

Gross Profit Rate % = [Gross Profit / Net Sales]

King Company = 17,000 / 60,000 = 34.00%

Queen Company = 32,000 / 112,000 = 28.57%

explanation:

kool beans

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.