Booker Corporation had the following comparative current assets and current liabilities: Dec. 31. 2017 Dec 31, 2016 Current assets Cash $ 60,000 $ 30,000 Short-term investments 40,000 10,000 Accounts receivable 55,000 95,000 Inventory 110,000 90,000 Prepaid expenses 35.000 20.000 Total current assets $ 300,000 $ 245.000 Current liabilities $ 140,000 $ 110,000 Accounts payable Salaries payable Income tax payable 40,000 30,000 20.000 15.000 Total current liabilities $200,000 S155,000 During 2017, credit sales and cost of goods sold were $750,000 and $400,000, respectively. Compute the Gross Profit Percentage for 2017. O a. 0.47 0.55 Ob. 0.63 O d. None of these