Question 13 1 pts The income statement for Westbound Manufacturing is provided in the table below (all values are in million dollars): Gross sales 2,372 less Cost of goods sold: Labour 1,086 Raw materials 279 Production overhead 257 Gross profit less Expenses on marketing less General and administrative expenses 65 53 = Earning before interest and taxes less Interest expenses 32 = Earning before income taxes less Income tax (35%) = Net income Calculate the profit margin on sales. (your answer must be rounded off to the nearest %, i.e., no decimal places)