Oriole Company reported net sales of $261,000, cost of goods sold of $156,600, operating expenses...
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Accounting
Oriole Company reported net sales of $261,000, cost of goods sold of $156,600, operating expenses of $50,600, net income of $41,760, beginning total assets of $530,400, and ending total assets of $560,800. 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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