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A firm has sales of $938,645.00, cost of goods of $397,120.00, selling and administrative expense of $95,535.00 and depreciation and amortization expense of $56,235.00. What

A firm has sales of $938,645.00, cost of goods of $397,120.00, selling and administrative expense of $95,535.00 and depreciation and amortization expense of $56,235.00.

What is the gross profit margin for the firm?

Round to two decimals

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