Category Prior Year Current Year

Accounts payable ??? ???

Accounts receivable 320,715 397,400

Accruals 40,500 33,750

Additional paid in capital 500,000 541,650

Cash 17,500 47,500

Common Stock 94,000 105,000

COGS 328,500 429,870.00

Current portion long-term debt 33,750 35,000

Depreciation expense 54,000 55,650.00

Interest expense 40,500 41,138.00

Inventories 279,000 288,000

Long-term debt 339,105.00 399,078.00

Net fixed assets 946,535 999,000

Notes payable 148,500 162,000

Operating expenses (excl. depr.) 126,000 162,975.00

Retained earnings 306,000 342,000

Sales 639,000 848,931.00

Taxes 24,750 47,400.00

What is the firm's current year net profit margin?