The following information is available from the annual reports of Flynn Company and Tolan Inc. 
Instructions
1. Calculate the profit margin and gross profit rate for each company.
2. What conclusion concerning the relative profitability of the two companies can be drawn from these data?
Definitions:
War Of 1812
A military conflict between the United States and Great Britain from 1812 to 1815, largely over issues of trade restrictions and impressment of American sailors.
Civil War
An internal conflict within a country, fought between factions or regions that seek to control the entire country or achieve independence.
Creeks
A Native American people from the southeastern United States, also known as the Muscogee.
Educational Opportunities
The availability of choices for learning and education available to individuals in a society, including schools, colleges, and vocational training.
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