Shamrock, Inc. reported the following in its 2017 and 2016 income statements.

2017 2016

Net Sales: 158100 105400

Cost of Goods Sold: 63090 27980

Operating Expenses: 63090 27980

Income tax Expense: 18000 5000

Net Income: 15810 31620

Determine the companys gross profit rate and profit margin for both years. (Round profit margin answers to 1 decimal place, e.g. 52.7.)

2017 2016

Gross Profit Rate: __________ _________

Profit Margin: _________ ___________