Question: BALANCE SHEET CURRENT ASSETS CURRENT LIABILITIES Cash $6523 Account payable $8023 Account receivable $4013 Others $1778 Inventory $7987 FIXED ASSETS Total long-term debt $21256 Building

BALANCE SHEET

CURRENT ASSETS

CURRENT LIABILITIES

Cash

$6523

Account payable

$8023

Account receivable

$4013

Others

$1778

Inventory

$7987

FIXED ASSETS

Total long-term debt

$21256

Building & equipment

$38984

You have the following information from the Income Statement

Sales

$41450

Cost of goods sold

$17077

R&D expenses

$1656

Interest

$1806

Corporate tax

$1047

Calculate the Profit margin in percentage. Enter the two decimal number without any sign and symbol.

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