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In looking at Chacko Inc.'s income statement you find the following: sales of $52,000,000; income tax of $1,880,000; operating expenses of $9,000,000; cost of goods
In looking at Chacko Inc.'s income statement you find the following: sales of $52,000,000; income tax of $1,880,000; operating expenses of $9,000,000; cost of goods sold of $36,000,000; and interest expense of $800,000. Given this information, calculate Chacko Inc.'s gross profit margin.
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