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Tamarisk, Inc. reported net sales of $ 2 4 7 , 0 0 0 , cost of goods sold of $ 1 4 8 ,

Tamarisk, Inc. reported net sales of $247,000, cost of goods sold of $148,200, operating expenses of $61,400, net income of $39,520,
beginning total assets of $461,700, and ending total assets of $562,400.
Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, e.g.10.2%.)
Profit margin
%
Gross profit rate
%
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