Tamarisk, Inc. reported net sales $880,000; cost of goods sold $572,000; operating expenses $231,000; and net...

 

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Tamarisk, Inc. reported net sales $880,000; cost of goods sold $572,000; operating expenses $231,000; and net income $74,800. Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, eg. 10.2%.) Profit margin Gross profit rate Tamarisk, Inc. reported net sales $880,000; cost of goods sold $572,000; operating expenses $231,000; and net income $74,800. 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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