Calculate profit margin and gross profit rate

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Reference no: EM131285051

Pronghorn Corp reported net sales of $242,400, cost of goods sold of $144,100, operating expenses of $47,000, net income of $36,000, 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. 10.5%.)

Profit margin %

Gross profit rate %

Reference no: EM131285051

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