Windsor Merchants reported the following on its income statement for the fiscal year ended December 31, 2021 and 2020. 2021 2020 Sales $495,060 $475,590 Cost of goods sold 145,980 154,124 346,590 322.960 (138,974) (145.980) Beginning inventory Net purchases Ending inventory Cost of goods sold Gross profit Operating expenses 353.596 331,104 141.464 144,486 87,568 89.168 Profit $53.896 $55,318 (c) Calculate the grass profit margin for Windsor for 2021 and 2020. (Round answers to 1 decimal place, 48.52.7%) 2021 2020 Gross profit margin % % e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later Last saved 2 hours ago Saved work will be auto-sub tted on the due date. Auto- submission can take up to 10 minutes. (d) The parts of this question must be completed in order. This part will be available when you complete the part above