Question 5 of 8 View Policies Current Attempt in Progress Blue Spruce Corp.reported net sales $ 1,000,000; cost of goods sold $650,000; operating expenses $262 500; and net income $ 85,000. Calculate...

Extracted text: Question 5 of 8 View Policies Current Attempt in Progress Blue Spruce Corp.reported net sales $ 1,000,000; cost of goods sold $650,000; operating expenses $262 500; and net income $ 85,000. Calculate the profit margin and gross profit rate (Round cinsurs to 1 decimol plaon, eg 10%) Profit margin Gross profit rate 94 Assistance Used eTextbook and Media Seve for Leter Attempts: O of 3 used Submit Answer Using multipte attempts will impactyour score 10% score reduction after atteropt ;