Canadian Bacon Inc. financial statements are presented in the table below. Based on the information in the table, calculate the firm's gross profit margin. Round the answers to two decimal places in percentage form. (Write the percentage sign in Balance Sheet December 31, 2015 Cash and marketable $187,000 Accounts payable $217,000 securities Accounts $498,000 Notes payable $51,500 receivable Inventories $799,000 Accrued expenses $58,300 Total current Prepaid expenses $19,300 $326,800 liabilities Total current assets $1,503,300 Long-term debt $215,400 Par value and Gross fixed assets $1,978,000 $128,000 paid-in-capital Less: accumulated $478,000 depreciation Retained Earnings $2,333,100 Net fixed assets $1,500,000 Common Equity 2,461,100 Total liabilities Total assets $3,003,300 and owner's $3,003,300 equity Income Statement, Year of 2015 Net sales (all credit) $5,386,600.00 Less: Cost of goods $3,716,754.00 sold Selling and