You are the accountant for ABC Biz, a small enterprise that sells widgets.

The accounting records for the business after their first year of operations (30 June 2020) are as follows:

Sales71077

Cost of goods sold34679

Interest expense18582

Electricity expense17776

Rent expense18212

Wages expense20113

Accrued expense27856

Cash24581

Accounts receivable32326

Inventory36037

Accounts payable16981

Bank loan due 30 June 202222341

Calculate the net profit margin. Record your answer to 2 decimal places