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How to solve Sandhill Corporation reported net sales $610,000, cost of goods...

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Accounting

How to solve
Sandhill Corporation reported net sales $610,000, cost of goods sold $366,000, operating expenses $151,000, and net income
$70,150.
Calculate the profit margin and gross profit rate. (Round Profit margin answer to 2 decimal places, e.g.10.20%. Round Gross profit rate
answer to 0 decimal places, e.g.10%.)
Profit margin
%
Gross profit rate
%
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