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  3. swifty corporation reported net sales of $251,100,

Swifty Corporation reported net sales of $251,100, cost of goods sold of $102,400, operating expenses...

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Accounting

Swifty Corporation reported net sales of $251,100, cost of goods sold of $102,400, operating expenses of $49,500, net income of $39,900, beginning total assets of $482,800, and ending total assets of $626,100. Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.5%.)

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