CALCULATOR STANDARD VE es Income Statement Data Sales revenue $73,000 66000e) $61,000 Cost of goods sold 20440 (a) 21,120 20,740 Gross profit 52,560 44,880 4026010) Operating expenses 48,180 422400 39,040 udy 4380|(6) $ 2,640 427000) Net Income Balance Sheet Data Inventory $10,600 100501(c) $11,100 12530 (k) 4,600 5,300 3,400 2900 ku Accounts payable Additional Information Purchases of inventory on account 19,890 22170k) $18,050 Cash payments to suppliers 19190d) 24070|(h) 18,550 Your answer is partially correct. Try again. Compute the gross profit rate and the profit margin for each fiscal year. (Round answers to 1 decimal place, c.9. 15.5%.) 2021 2022 2023 Gross profit rate 721 68% 66% Profit margin 7% Click if you would like to Show Work for this questioni Open Show Work