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Please answer problem #6, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! Larkspur. Inc. reported net sales of $ 259,000. cost of goods sold
Please answer problem #6, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! Larkspur. Inc. reported net sales of $ 259,000. cost of goods sold of $ 155,400. operating expenses of $ 55,200, net income of $ 41.440 beginning total assets of $ 508.200, and ending total assets of $ 592,300 Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, eg. 10.2%. Profit margin 96 Gross profit rate 96
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