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Part $1$

Local Co$.$ has sales of $ $10\mathrm{.}7$$$10\mathrm{.}7$ million and cost of sales of $ $6\mathrm{.}5$$$6\mathrm{.}5$ million. Its$$ selling, general and administrative expenses are$$$ $470$ comma $000$$$470,000$ and its research and development is $ $1\mathrm{.}3$$$1\mathrm{.}3$ million. It has annual depreciation charges of $ $1\mathrm{.}4$$$1\mathrm{.}4$ million and a tax rate of $25\%25\%.$

a$.$ What is$$ Local's gross$$ margin?

b$.$ What is$$ Local's operating$$ margin?

c$.$ What is$$ Local's net profit$$ margin?

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Part $1$

a$.$ What is$$ Local's gross$$ margin?

Part $2$

$$Local$\text{'}$s gross margin is enter your response here$\%.$