View Policies ort Current Attempt in Progress Financial information is presented here for two companies. Sales ? ? Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses Net income Blue Spruce Inc. Swifty Inc. $99,000 $ 4,900 88,200 104,000 56,600 43,700 13,100 18,400 ? ? ? (a) Calculate the profit margin and the gross profit margin for each company. (Round answers to 1 decimal place, e.g. 17.5%.) Blue Spruce Swifty % % Profit margin % % Gross profit margin