Sarasota Corp. reported net sales $ 600,000, cost of goods sold $ 336,000, operating expenses $ 160,000, and net income $ 63,600. Calculate the profit margin and gross profit rate. (Round Profit margin answer to 2 decimal places, e.g. 10.20%. Round Gross profit rate answer to 0 decimal place, e.g. 10%.) Profit margin enter profit margin in percentages rounded to 2 decimal places % Gross profit rate enter gross profit rate in percentages rounded to 0 decimal %