Dresden Inc. has net sales of $120,054, cost of goods sold of $87,849, operating expenses of $26,421, interest expense of $3,486, and income tax expense of $1,124. The company's gross margin ratio is Answer to nearest two decimal places without any commas or words (e.g. 1.25 not 1.25 increase or 125%). Enter a negative number as -10 not (10).