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Your firm has the following income statement items: income tax of $1,880,000; operating expenses of $9,000,000; gross profit of $36,000,000; and interest expense of $800,000.
- Your firm has the following income statement items: income tax of $1,880,000; operating expenses of $9,000,000; gross profit of $36,000,000; and interest expense of $800,000. Compute the firms gross profit margin.
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