Given the following accounts:

Wages Expenses			4,000
Receivables			2,662
Land			17,684
Automobiles			56,163
Rent			700
Commercial Paper Payable (3 months)			3,754
Long Term Debt			24,754
Long Term Interest Payable			1,467
Capital			3,350
Accounts Payable (11 months)			23,698
Retained Earnings			46,381
Cash and Cash Equivalents			6,414
Sales			51,496
Other Income			250
Inventories			25,076
Other Expenses			500
Transportation Expense			165
Debts due within one year			4,595

Build the balance sheet and the income statement

What is the gross profit margin? (enter your answer rounded to two decimals)

Gross profit margin = net income / sales