Question: Current Attempt in Progress Concord Corporation reported net sales $ 6 2 0 , 0 0 0 , cost of goods sold $ 3 4

Current Attempt in Progress
Concord Corporation reported net sales $620,000, cost of goods sold $341,000, operating expenses $124,000, and net income
$52,080.
Calculate the profit margin and gross profit rate. (Round Profit margin answer to 2 decimal places, e.g.10.20%. Round Gross profit rate
answer to 0 decimal place, e.g.10%.)
Profit margin
%
Gross profit rate
%
eTextbook and Media
Current Attempt in Progress Concord Corporation reported net sales $620,000, cost

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