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W P2-23 (similar to) Local Co, has sales of $10.8 million and cost of sales of $6.1 million. Its seling, general and administrative expenses are $450,000 and its research and development is $12 milion. It has annual depreciation charges of $1.5 million and a tax rate of 35%. a. What is Local's gross margin? b. What is Local's operating margin? Woc. What is Local's ret profit margin? ent a. What is Local's gross margin? empe Local's grous marginis % (Round to one decimal place.) hon ce Sub nalty Quel Enter your answer in the answer box and then click Check Answer Que 2 parts Ques remaining Clear AI Check Anwar