(b) Calculate the profit margin and the gross profit rate for each company, (Round answers to 2 decimal places, eg. 1525) Cullumber Company Marigold Company Pront margin Gross proftrate Financial information is presented here for two companies Cullumber Company Marigold Company Sales revenue $61,000 ? ? 3,850 55,000 84,000 34,100 ? Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses Net income ? 31,920 11,000 ? ? 14,280 (a)