\begin{tabular}{|c|c|c|c|} \hline & \multicolumn{2}{|c|}{ Sheridan Ltd. } & \multirow{2}{*}{\begin{tabular}{l} Sheridan Lte \\ $101,700 \end{tabular}} \\ \hline Sales & & $88,200 & \\ \hline Cost of goods sold & & 58,653 & 63054i \\ \hline Gross profit & & 29547 & 38,646 \\ \hline Operating expenses & & 19,700 & 20346 i \\ \hline Income from operations & & 9847 & 18,300 \\ \hline Other income & & 710 & 0 \\ \hline Other expenses & & 0 & 2,000 \\ \hline Income before income tax & & 10557 & 16300 \\ \hline Income tax expense & & 2,619 & 4096 i \\ \hline Net income & $ & 7938 & $12,204 \\ \hline \end{tabular} Calculate the gross profit margin and profit margin for each company. (Round your answers to 1 decimal place, e.g. 5.2\%.)