Dr. Gupta Diagnostics' income statement for 20XX is as follows: $2,660,000 1,700,000 Sales Cost of goods sold Gross profit Selling and administrative expense 960,000 327,000 Operating profit Interest expense 633,000 57,000 ce Income before taxes Taxes (30%) 576,000 172,00 Tacoon after taxes $403, 2007 6. Compute the profit margin in 20XX (Round the final answer to 2 decimal places.) Profit margin b. Assume in 20XY sales increase by 10 percent and cost of goods sold increases by 20 percent. The is able to keep all other expenses the same. Once again assume a tax rate of 20 percent. What are the income taxes and profit marginin 20XY? (Round the profit margin to 2 decimal places.) Tafter a