Question: Please answer problem #7, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! Bramble Corp. reported net sales of $242.000, cost of goods sold of

Please answer problem #7, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you!

Bramble Corp. reported net sales of $242.000, cost of goods sold of $145,200, operating expenses of $47,000, net income of $38,720. beginning total assets of $518,600, and ending total assets of $569.200. Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.2%.) Profit margin % Gross profit rate %

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