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Local Co. has sales of $ 10.3 million and cost of sales of $ 5.7 million....

Local Co. has sales of $ 10.3 million and cost of sales of $ 5.7 million. Its​ selling, general and administrative expenses are  $ 530 comma 000 and its research and development is $ 1.2 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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