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  3. durbin corporation reported net sales of $259,300,

Durbin Corporation reported net sales of $259,300, cost of goods sold of $135,900, operating expenses...

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Accounting

Durbin Corporation reported net sales of $259,300, cost of goods sold of $135,900, operating expenses of $48,290, net income of $42,120, beginning total assets of $514,600, and ending total assets of $572,000. Calculate profit margin and gross profit rate. (Round answers to 0 decimal places, e.g. 10%.)

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