Your answer is incorrect. Crane Corporation reported net sales of $250,900, cost of goods sold of $150,540, operating expenses of $38.600, net income of $25,090, beginning total assets of $530,000, and ending total assets of $644,900. (a1) Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.2%) Profit margin 5 % Gross profit rate 0.4 %