Mercedes, Co. has the following quarterly financial information 4th Quarter 3rd Quarter 2nd Quarter 1st Quarter Sales revenue 903,800 913,300 911,600 919,400 317,200 Cost of goods sold 304,600 322,000 316,800 261,500 247,800 257,400 Operating expenses 259,200 3,650 3,550 Interest expense 3,650 3,650 84,400 87,300 87,300 89,800 Income tax expense Average number of common shares outstanding Stock price when Q4 EPS released 793,530 788,564 790,170 803,500 24 a. Calculate the gross profit percentage for each quarter. (Enter your percentage answer to 2 decimal places (i.e., enter 0.1234 as 12.34.)) Q4 Q3 Q2 Q1 Gross Profit Percentage