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A firm has a gross profit margin of 38.00%, and sales of $2,452,620.00 in the current operating year. The firm expects to have selling and
A firm has a gross profit margin of 38.00%, and sales of $2,452,620.00 in the current operating year. The firm expects to have selling and administrative expenses of $224,216.00, and depreciation and amortization expenses of $199,462.00 this year. Given this information, calculate the firms operating profit margin for the current year. Answer Format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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