Local Co. has sales of $10.5 million and cost of sales of $5.7 million. Its selling, general and administrative expenses are $470,000 and its research and development is $1.2 million. It has annual depreciation charges of $1.1 million and a tax rate of 25%. What is Local's net profit margin?

 

What is Local's gross margin?

 

Local's gross margin is__________(Round to one decimal place.)

 

What is Local's operating margin?

 

Local's operating margin is______(Round to one decimal place.)

 

What is Local's net profit margin?

 

Local's net profit margin is enter your response here____________(Round to two decimal places.)