Question: Pronghorn Corp reported net sales $ 6 7 5 , 0 0 0 , cost of goods sold $ 4 3 8 , 7 5

Pronghorn Corp reported net sales $675,000, cost of goods sold $438,750, operating expenses $154,000, and net income $69,525.
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
%
Pronghorn Corp reported net sales $675,000, cost of goods sold $438,750,

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