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Flint Corporation reported net sales of $250,100, cost of goods sold of $123,000, operating expenses of $48,900, net income of $32,100, beginning total assets of
Flint Corporation reported net sales of $250,100, cost of goods sold of $123,000, operating expenses of $48,900, net income of $32,100, beginning total assets of $532,300, and ending total assets of $618,100. Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.5%.)
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