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Concord Corporation reported net sales of $257,000, cost of goods sold of $154,200, operating expenses of $48,000, net income of $41,120, beginning total assets of
Concord Corporation reported net sales of $257,000, cost of goods sold of $154,200, operating expenses of $48,000, net income of $41,120, beginning total assets of $493,100, and ending total assets of $591,900. Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.2%.) Profit margin Gross profit rate % %
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