Brief Exercise 5-11 Monty Corp. reported net sales of $245,10o, cost of goods sold of $104,200, operating expenses of $59,900, net income of $37,800, beginning total assets of $470,000, and ending total assets of $574,900. Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.5%.) Profit margin Gross profit rate LINK TO TEXT