'Swank Clothiers had sales of 442,000 and cost of goods sold of 5328,000.What is the gross profit margin (ratio of gross profit to sales)? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places )Gross profit marginb: If the average firm in the clothing industry had gross profit of 20 percent; how is the firm doing?The firm is'
'Swank Clothiers had sales of 442,000 and cost of goods sold of 5328,000.What is the gross profit margin (ratio of gross profit to sales)? (Do not round intermediate calculations.
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