Score: 0 of 1 pt 9 of 10 (8 complete HW Score: 56.07%, 5.61 of 10 pts P 2-23 (book/static) Question Help Local Co, has sales of $10.0 million and cost of sales of $6.0 million. Its solling, general and administrative expenses are $500,000 and its research and development is $1,0 million. It has annual depreciation charge of $1.0 million and a tax rate of 35% a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin? a. What is Locat's gross margin? Loca's grous margin is. (Round to one decimal place)