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  3. sunland corporation reported net sales of $256,100

Sunland Corporation reported net sales of $256,100, cost of goods sold of $128,050, operating expenses...

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Accounting

Sunland Corporation reported net sales of $256,100, cost of goods sold of $128,050, operating expenses of $78,800, net income of $51.220, beginning total assets of $530,400, and ending total assets of $560,800.

(a1) Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.2%.)

Profit margin% Gross profit rate%

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