8 of 10 -//1 View Policies Current Attempt in Progress Marigold Corp. reported net sales $600,000, cost of goods sold $348,000, operating expenses $181,000, and net income $58,200. Calculate the profit margin and gross profit rate. (Round Profit margin answer to 2 declmal places, e.g. 10.20%. Round Gross profit rate answer to 0 decimal place, e.g. 10%.) Profit margin % Gross profit rate % eTextbook and Media Save for Later Attempts: 0 of 3 used