59 Question 6 of 10 < View Policies Current Attempt in Progress The following information is available from the annual reports of Flynn Company and Tolan Inc. (Amounts in millions) Flynn Tolan Sales revenue $32,622 $40,457 Cost of goods sold 20,739 24,431 Operating expenses 7,428 9.188 Income before taxes 4,455 6,838 Net income 2,594 4,072 (a) Calculate the profit margin and gross profit rate for each company. (Round answers to 1 decimal places, e.g. 15.2%) Profit margin Gross profit rate Flynn Save for Later Using multiple attempts will impact your score. 20% score reduction after attempt 1 % % Tolan % % /10 Attempts: 0 of 2 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. 9+ 63 P