The gross profit percentage 44.25%.
Consolidated Statement of Income
Net revenue = 1975531
Cost of goods Sold = 1,101,349
Gross margin another selling general, & admin 391,883
Operating Income 482,299
Interest 540
Income before taxes 481,759
provision or Income Taxes 88,387
Net income 393,372
Basic per income 373,372/70,832 = 5.55
weighted average shares outstanding = 70,832
Gross profit percentage = Gross profit /Net revenue
= $874,182 / $1975,531
= 44.25%
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