Teal Mountain Inc reported the following in its 2017 and 2016 income statements. Net sales Cost of goods sold Operating expenses Income tax expense Net income 2017 $230,000 147.200 49.620 18,000 $ 15,180 2016 $200,000 128,000 27.400 7,000 $37,600 2016 Determine the company's gross profit rate and profit margin for both years. (Round profit margin answers to 1 decimal place, es: 52.7) 2017 Gross profitrate Proht margin % %6 %