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In its income statement for the year ended December 31, 2025, Sunland Company reported the following condensed data. begin{tabular}{lrlr} Salaries and wages expenses & $437,100

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In its income statement for the year ended December 31, 2025, Sunland Company reported the following condensed data. \begin{tabular}{lrlr} Salaries and wages expenses & $437,100 & Loss on disposal of plant assets & $61,100 \\ Cost of goods sold & 1,084,770 & Sales revenue & 2,277,400 \\ Interest expense & 66,740 & Income tax expense & 41,120 \\ Interest revenue & 61,100 & Sales discounts & 150,400 \\ Depreciation expense & 291,400 & Utilities expense & 103,400 \end{tabular} Calculate the profit margin and gross profit rate. (Round answers to 0 decimal places, es. 15% ) Profit margin \% Gross profit rate

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