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A firm had the following income statement for last year, using these numbers calculate the Gross Profit Margin rounded 2 decimal points, do not include

A firm had the following income statement for last year, using these numbers calculate the Gross Profit Margin rounded 2 decimal points, do not include the % sign.

Sales $ 37,611
Less: COGS 20,889
Gross Profit 16,722
Less: Operating Exp 11,483
Less: Depreciation 1,575
Operating Profit (EBIT) 3,664
Less: Interest Exp 1,400
Earnings Before Taxes 2,264
Less: Tax Exp 475
Earnings After Taxes $ 1,789

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