Brief Exercise 5-11 Incorrect answer. Your answer is incorrect. Try again. Dublin Corporation reported net sales of $250,000, cost of goods sold of $150,000, operating expenses of $50,000, net income of $32,500, beginning total assets of $520,000, and ending total assets of $600,000. Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.5%.)

Profit margin Entry field with incorrect answer now contains modified data 1.3 %

Gross profit rate Entry field with incorrect answer 4 %