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GS Retail reported the following for the past two fiscal years: Net sales Cost of goods sold Profit 2021 $972,000 613,332 72,900 2020 $805,000 503,125

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GS Retail reported the following for the past two fiscal years: Net sales Cost of goods sold Profit 2021 $972,000 613,332 72,900 2020 $805,000 503,125 66,010 (a) 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 96 Profit margin e Textbook and Media

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