Company A Company B Company C Sales $46,800 $20,000 i) $ Sales returns and allowances 1,250 e) 3,000 Net sales 18,995 121,260 Cost of goods sold b) 11,360 j) 62.900 Gross profit 19.450 f) 10,900 5,360 k) Operating expenses 1) Profit from operations 3,000 5,300 Other income d) 17,800 9,950 h) Profit Arlington Merchants reported the following on its income statement for the fiscal years ended December 31, 2020 and 2019. 2020 2019 Sales Cost of goods sold Gross profit Operating expenses Profit $4,858,000 3,264,576 1,593,424 884.156 $709,268 $4,749,000 3,210.324 1,538,676 897,561 $641,115 Calculate the gross profit margin for Arlington for 2019 and 2020. (Round answers to 1 decimal place, eg. 52.7%.) Gross profit margin % 2020 % 2019 Calculate the profit margin for Arlington for 2019 and 2020. (Round answers to 1 decimal place, e.g. 52.7%.) Profit margin 2020 % 2019 % For each ratio calculated in (a) and (b) above, comment if the ratio has improved or deteriorated from 2019 to 2020. The gross profit margin has from 2019 to 2020. The profit margin has from 2019 to 2020