Current Year Preceding Year Balance Sheet: Cash $15,000 $27,000 Short-term Investments 10,000 22,000 Net Accounts Receivables 56,000 88,000 Merchandise Inventory 78,000 82,000 Prepaid Expenses 16,000 5,000 Total Current Assets 175,000 224,000 Total Current Liabilities 135,000 90,000 Income Statement: Net Credit Sales $464,000 Cost of Goods Sold 316,000 Compute the gross profit percentage for the current year. (Round your answer to one tenth of a percent, X.X%.) ChatGPT