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Durbin Corporation reported net sales of $259,800, cost of goods sold of $135,500, operating expenses...

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Accounting

Durbin Corporation reported net sales of $259,800, cost of goods sold of $135,500, operating expenses of $63,580, net income of $31,460, beginning total assets of $485,300, and ending total assets of $576,900. Calculate profit margin and gross profit rate. (Round answers to 0 decimal places, e.g. 10%.)

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