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Local Co. has sales of $10.2 million and cost of sales of $6.2 million. Its​ selling,...

Local Co. has sales of $10.2 million and cost of sales of $6.2 million. Its​ selling, general and administrative expenses are  $460,000 and its research and development is $1.3 million. It has annual depreciation charges of $1.1 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? Round to one decimal for all answer.

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