Sheridan Corporation reported net sales of $174,000, cost of goods sold of $95,700, operating expenses of $36,500, other expenses of $11,200, net income of $8,700. Calculate the following values. (Round answers to 0 decimal places, e.g. 25%.)

1. Profit margin enter percentages rounded to 0 decimal places %

2. Gross profit rate enter percentages rounded to 0 decimal places %