Skysong, Inc, reported net sales of $241,000, cost of goods sold of $144,600, operating expenses of $60,900, net income of $38,560, beginning total assets of $467,000, and ending total assets of $629,200. Caiculate profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.2\%.) Profit margin Gross profit rate