Sandhill Crporation reported net sales $1,000,000, cost of goods sold $620,000, operating expenses $262,500, and net income $89,000 Calculate the profit margin and gross profit rate (Round answers to 1 decimal ploce, eg 10 2 ) Profit margin Gross profit rate

Question

Sandhill Crporation reported net sales $1,000,000, cost of goods sold $620,000, operating expenses $262,500, and net income $89,000  Calculate the profit margin and gross profit rate  (Round answers to 1 decimal ploce, eg  10 2  ) Profit margin   Gross profit rate

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Question

Sandhill Crporation reported net sales $1,000,000, cost of goods sold $620,000, operating expenses $262,500, and net income $89,000. Calculate the profit margin and gross profit

Sandhill Crporation reported net sales $1,000,000, cost of goods sold $620,000, operating expenses $262,500, and net income $89,000. Calculate the profit margin and gross profit rate. (Round answers to 1 decimal ploce, eg. 10.2\%) Profit margin % Gross profit rate %

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