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Kingbird, Inc. reported net sales of $267,000, cost of goods sold of $160,200, operating expenses of $48,900, net income of $42,720, beginning total assets of $532,300, and ending total assets of $618,100. Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, e. g. 10.2%.)
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Kingbird, Inc. reported net sales of $267,000, cost of goods sold of $160,200, operating expenses of...
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