Financial Accounting: E5-13 Presented below is financial information (Nam and Mayo Company)

Financial Accounting 
E5-13 
Presented below is financial information for two different companies. 

Instructions 
(a) Determine the missing amounts. (Enter all amounts as positive and subtract where necessary.) 
Nam Company Mayo Company
Sales 98,810 
Sales returns 5,110 
Net sales 89,410 101,510 
Cost of goods sold 54,170 
Gross profit 43,400 
Operating expense 17,790 
Net income 15,760 
(b) Determine the gross profit rates. (Round answers to one decimal place, e.g. 10.5.)
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