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Local Co . has sales of $ 1 0 . 3 million and cost of sales of $ 5 . 6 million. Its selling, general

Local Co. has sales of $ 10.3 million and cost of sales of $ 5.6 million. Its selling, general and administrative expenses are $470,000 and its research and development is $ 1.5 million. It has annual depreciation charges of $ 1.1 million and a tax rate of 35%.
a. What is Local's gross margin?
b. What is Local's operating margin?
c. What is Local's net profit margin?
a. What is Local's gross margin?
Local's gross margin is________%.(Round to one decimal place.)

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