Presented below is financial information for two different companies.

Lee Company

Lee Company

Sales

90,000

(d)

Sales return

(a)

5,000

Net sales

81,000

95,000

Cost of goods sold

56,000

(e)

Gross profit

(b)

41,500

Operating

15,000

(f)

Net income

(c )

15,000

*(a) Determine the missing amounts.

*(b) Determine the gross profit rates. (Round answer to 1 decimal place, e.g. 25.2%.)