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INCOME STATEMENT Net Sales $10,000,000 Cost of Goods Sold $4,000,000 Gross Profit $6,000,000 Depreciation Expense $1,600,000 S&A Expenses $1,368,000 Operating Income (EBIT) $3,032,000 Interest Expense

INCOME STATEMENT

Net Sales

$10,000,000

Cost of Goods Sold

$4,000,000

Gross Profit

$6,000,000

Depreciation Expense

$1,600,000

S&A Expenses

$1,368,000

Operating Income (EBIT)

$3,032,000

Interest Expense

$2,700,000

Income before Taxes

$332,000

Income Taxes (42%)

$139,440

Net Income

$192,560

Goodyear Tire & Rubber Co has the income statement shown above. What is the Net Profit Margin? Round your answers.

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