Sunland Corporation reported net sales of $162,000, cost of goods sold of $97,200, operating expenses of $37,600, other expenses of $11,500, net income of $8,100.

Current Attempt in Progress Sunland Corporation reported net sales of $162,000, cost of goods sold of $97,200, operating expenses of $37,600, other expenses of $11,500, net income of $8,100. Calculate the following values. (Round answers to O decimal places, e.g. 25%.) 1. Profit margin 2. Gross profit rate