Question: Current Attempt in Progress Marigold Corp, reported net sales $640,000; cost of goods sold $416,000; operating expenses $168,000; and net income $54,400. Calculate the

Current Attempt in Progress Marigold Corp, reported net sales $640,000; cost of

Current Attempt in Progress Marigold Corp, reported net sales $640,000; cost of goods sold $416,000; operating expenses $168,000; and net income $54,400. Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, eg. 10.2%) Profit margin Gross profit rate % %

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