Local Co. has sales of $ 10.9 million and cost of sales of $ 5.7 million. Its selling, general and administrative expenses are $ 550 comma 000 and its research and development is $ 1.3 million. It has annual depreciation charges of $ 1.4 million and a tax rate of 35 %.A. What is Local's gross margin? B. What is Local's operating margin? C. What is Local's net profit margin?
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