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Swank Clothiers had sales of $442,000 and cost of goods sold of $328,000. a. What is the gross profit margin (ratio of gross profit to

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Swank Clothiers had sales of $442,000 and cost of goods sold of $328,000. a. What is the gross profit margin (ratio of gross profit to sales)? Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places. Answer is complete but not entirely correct

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