Below is the income statement for Angel Cake Company:

Net sales	$6,000,000
Cost of goods sold	$5,000,000
[ Select ] ["Gross profit", "Income from operations", "Net Revenue", "Valuation Allowance"]	$1,000,000
Selling, General and Administrative Expenses	$340,000
[ Select ] ["Gross Profit", "Provision for taxes", "Income from operations", "Net operating profit after taxes (NOPAT)"]	$660,000
Interest expense	$(100,000)
Interest income	$60,000
Income before provision for income taxes	$620,000
[ Select ] ["Valuation allowance", "Deferred tax asset", "Provision for income taxes", "Deferred tax liability"]	$186,000
Net income	$434,000

What is Angel Co's effective tax rate?

[ Select ] ["21%", "30%", "39.6%", "70%"]

What is Angel Cakes gross margin %?

[ Select ] ["83.3%", "80%", "20%", "16.7%"]