Financial information is presented here for two companies. 
Instructions
(a) Compute the missing amounts.
(b) Calculate the profit margin and the gross profit rate for each company.
Definitions:
Economic Profits
The difference between total revenue and total costs, including both explicit and implicit costs, representing surplus remaining after all costs have been paid.
Entry Barriers
Obstacles that prevent or hinder new competitors from easily entering an industry or area of business.
Total Profit
The financial gain obtained by subtracting total expenses from total revenue generated from sales or operations.
MR
Marginal Revenue, the additional income that an organization earns by selling one more unit of a product or service.
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