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))

Prior Year Current Year ??? ??? 320,715 397,400 Category Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock 40,500 33,750 500,000 541,650 17,500 47,500 94,000 105,000 COGS 328,500 429,504.00 33,750 35,000 54,000 54,625.00 40,500 41,640.00 Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable 279,000 288,000 337,523.00 398,644.00 946,535 999,000 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,781.00 Retained earnings 306,000 342,000 Sales 639,000 848,295.00 Taxes 24,750 47,637.00 What is the firm's current year operating profit margin