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Garten Corporation reported net sales $800,000; cost of goods sold $520,000; operating expenses $210,000; and net income $68,000. Calculate the profit margin and gross profit
Garten Corporation reported net sales $800,000; cost of goods sold $520,000; operating expenses $210,000; and net income $68,000. Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.2%.)
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