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American Bacon Inc. financial statements are presented in the table below. Based on the information in the table, calculate the firm's gross profit margin. Round the answers to two decimal places in percentage form. (Write the percentage sign in the \"units\" box). liabilities Income statement, Year of 2010 Net sales (all credit) \\( \\$ 6,387,700.00 \\) Less: Cost of goods sold \\( \\$ 4,726,898.00 \\) Selling and administrative \\( \\quad \\$ 345,000.00 \\) Selling and administrative \\( \\quad \\$ 345,000.00 \\) expenses Depreciation expense \\( \\$ 148,000.00 \\) EBIT \\( \\$ 1,167,802.00 \\) Interest expense \\( \\$ 50,600.00 \\) Earnings before taxes \\( \\$ 1,117,202.00 \\) Income taxes \\( \\$ 446,880.80 \\) Net income \\( \\$ 670,321.20 \\) Income statement, Year of 2010 Net sales (all credit) \\( \\$ 6,387,700.00 \\) Less: Cost of goods sold Selling and administrative \\( \\quad \\$ 345,000.00 \\) expenses Depreciation expense \\( \\$ 4,726,898.00 \\) EBIT Interest expense \\( \\$ 148,000.00 \\) Earnings before taxes \\( \\$ 1,167,802.00 \\) Income taxes \\( \\$ 1,117,202.00 \\) Net income \\( \\$ 446,880.80 \\) \\( \\$ 670,321.20 \\) American Bacon Inc. financial statements are presented in the table below. Based on the information in the table, calculate the firm's fixed asset turnover ratio. Round the answers to two decimal places Balance Sheet December 31, 2010

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