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Metlock, Inc. reported net sales of $254,000, cost of goods sold of $152.400, operating expenses of $59,700, net income of $40.640, beginning total assets

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Metlock, Inc. reported net sales of $254,000, cost of goods sold of $152.400, operating expenses of $59,700, net income of $40.640, beginning total assets of $501,500, and ending total assets of $638,900. Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, eg. 10.2%)

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