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Wildhorse Co, reported the following in its 2022 and 2021 income statements. Determine the company's gross profit rate and profit margin for both years. (Round

Wildhorse Co, reported the following in its 2022 and 2021 income statements. Determine the company's gross profit rate and profit margin for both years. (Round answers to 1 decimal place, es. 52.7\%.)

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