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GS Retail reported the following for the past two fiscal years: 2021 2020 Net sales $935,000 $818,000 Cost of goods sold 591,855 511,250 Profit 68.255

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GS Retail reported the following for the past two fiscal years: 2021 2020 Net sales $935,000 $818,000 Cost of goods sold 591,855 511,250 Profit 68.255 68.712 Calculate the gross profit margin and profit margin for both years. (Round answers to 2 decimal places, e.g. 12.73%.) 2021 2020 Gross profit margin % % Profit margin % % Comment on any changes in profitability. GS Retail's profitability has

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