Question: Your answer is incorrect. Flint Corporation reported net sales $ 5 5 5 , 0 0 0 , cost of goods sold $ 3 5

Your answer is incorrect.
Flint Corporation reported net sales $555,000, cost of goods sold $355,200, operating expenses $128,000, and net income $58,830.
Calculate the profit margin and gross profit rate. (Round Profit margin answer to 2 decimal places, eg.10.20%. Round Gross profit rate answer to 0 decimal place, e.g.10%.)
Profit margin
Gross profit rate
Your answer is incorrect. Flint Corporation reported net sales $555,000, cost

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