MGMT 326 Fall 2020 Sections 04 8: 07 Cailyn Marrujo 5 | 08/17/20 8:40 AM WW4 HUMEWUFK Scone: 0.67 0\" pt HWScore: 77.78%, 9.33 of 12 pta ('3' P 2-23 (similar to) Question Help a Local Co. has sales oi $10.3 million and cost of sales of $6.2 million. Its selling, general and administrative expenses are $500,000 and its research and development is $1.4 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 Locals operating margin? c. What is Locals net prot margin? a. What is Locals gross margin? Local's gross margin is %. (Round to one decimal place.)