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The following information is available from the annual reports of Sandhill Company and Monty Inc. (Amounts in millions) Sandhill Monty Sales revenue $32,400 $39,570

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The following information is available from the annual reports of Sandhill Company and Monty Inc. (Amounts in millions) Sandhill Monty Sales revenue $32,400 $39,570 Cost of goods sold 20,190 24,040 Operating expenses 7,740 9,150 Income before taxes 4.460 6,370 4 Net income 2,980 4,160 Calculate the profit margin and gross profit rate for each company. (Round answers to 1 decimal places, e.g. 15

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