Current Attempt in Progress Oriole Company reported the following in its 2022 and 2021 income statements 2022 2021 $136,000 $166,000 99.600 81.600 Net sales Cost of goods sold Operating expenses Income tax expense Net Income 34,860 14,960 19.400 11.400 $ 12,140 $ 28,040 Determine the company's gross profit rate and profit margin for both years. (Round answers to 1 decimal place. eg. 52.7%.) 2022 2021 Gross proftrate % Profit margin % eTextbook and Media Save for Later Attempts unlimited Submit