SP20 MOT3150 2012 Cheers Homework and February 11.50m m Tin WAS Assessment Player Tool Question 11 View Policies Current Attempt in Progress Swifty Corporation reported the following in its 2022 and 2021 income statements. 2022 2021 Net sales Cost of goods sold Operating expenses Income tax expense $132,000 $102,000 79,200 61,200 25,080 12,240 16,200 8,200 $ 11,520 $20,360 Net income Determine the company's gross profit rate and profit margin for both years, (Round answers to 1 decimal place, .g. 52.7%) 2022 2021 Gross profit rate Profit margin Tavthaal