Balance Sheet Data Inventory Accounts payable Additional Information Purchases of inventory on account Cash payments to suppliers $13,400 6,000 (c) 6,700 $15,300 4,800 $ 4300 (k) (I) (I) (g) $25,050 (d) 32530 (h) 25,550 Compute the gross profit rate and the profit margin for each fiscal year. (Round answers to 1 decimal place, e.g. 15.5\%.)