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Margies business corporation 2021 income statement listed net sales of $127 million gross profit of $8.30 million, EBIT of $5.8 million, net income available to

Margies business corporation 2021 income statement listed net sales of $127 million gross profit of $8.30 million, EBIT of $5.8 million, net income available to common stockholders of $3.4 million and common stock dividends of $1.4 million. The 2021year end balance sheet listed total assets of $527 million and common stockholders' equity of $212 million with 20 million shares outstanding. Calculate gross profit margin, operating profit margin.

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