Windsor, Inc. reported net sales of $258,000, cost of goods sold of $154,800, operating expenses of $59,600, net income of $41,280, beginning total assets of $461,600, and ending total assets of $587,000. Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.2%.) Profit margin % Gross profit rate % e Textbook and Media Save for Later Attempts: 0 of 3 used Submit