Question 9 of 9 - / 1 = View Policies Current Attempt in Progress Splish Brothers Inc. reported net sales of $264,000, cost of goods sold of $158,400, operating expenses of $57,800, net income of $42,240, beginning total assets of $530,200, and ending total assets of $581,900. Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.2%.) Profit margin % Gross profit rate % e Textbook and Media Save for Later Attempts: 0 of 3 used Submit