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Sheffield Corp. reported the following in its 2025 and 2024 income statements. (a1) Determine the company's gross profit rate and profit margin for both years.

Sheffield Corp. reported the following in its 2025 and 2024 income statements. (a1) Determine the company's gross profit rate and profit margin for both years. (Round answers to 1 decimal place, e.g. 52.7%.)

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