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A company reports sales of $ 5 , 0 0 0 , 0 0 0 , net income of $ 8 0 0 , 0

A company reports sales of $5,000,000, net income of $800,000, total assets of $2,000,000, taxes $30,000, interests $43,200, and operation expense $670,000. What is the firm's gross profit margin?
30.86%
17.46%
30.26%
29.40%
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