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Local Co . has sales of$ 1 0 . 6 million and cost of sales of$ 6 . 4 million. Its selling , general and

Local Co. has sales of$10.6million and cost of sales of$6.4million. Itsselling, general and administrative expenses
are$530000and its research and development is$1.3million. It has annual depreciation charges of$1.2million and a tax rate of25%.a. What isLocal's grossmargin?b. What isLocal's operatingmargin?c. What isLocal's net profitmargin?a. What isLocal's grossmargin?Local's gross margin isnothing%.

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