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Consider the following information from the financial statements for Rock Inc. Last Year This Year 28,631 36,040 108,642 Accounts Receivable 27,112 Inventory 37,435 Total Current

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Consider the following information from the financial statements for Rock Inc. Last Year This Year 28,631 36,040 108,642 Accounts Receivable 27,112 Inventory 37,435 Total Current Assets 192,525 Total Assets 487,031 Total Current Liabilities 27,908 Total Liabilities 314,787 446,831 26,971 318,905 434,311 116,398 Sales Cost of Goods Sold Operating Expenses Tax Expense 122,725 3 Calculate this years' gross profit ratio. (enter 2 decimal places. e.g. enter.2968 as .30)

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