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))

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