Larkspur, Inc. Windsor, Inc. Sales revenue $84,000 $ I Sales returns and allowances 4,400 78,000 100,000 Net sales Cost of goods sold 53,040 Gross profit 34,000 Operating expenses 13,260 Net income 16,000 Calculate the profit margin and the gross profit rate for each company. (Round answers to 0 decimal places, eg. 15%) Larkspur, Inc. Windsor, Inc. Profit margin % % Gross profit rate % 96