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GS Retail reported the following for the past two fiscal years: 2021 2020 Net sales $932,000 $786,000 Cost of goods sold 590,888 491.250 Profit 70.832

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GS Retail reported the following for the past two fiscal years: 2021 2020 Net sales $932,000 $786,000 Cost of goods sold 590,888 491.250 Profit 70.832 62,880 Calculate the gross profit margin and profit margin for both years. (Round answers to 2 decimal places, eg. 12.73%) 2021 2020 Gross profit margin 90 > Profit margin Comment on any changes in profitability GS Retail's profitability has

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