mework Required information (The following information applies to the questions displayed below.) Big Tommy Corporation is a local grocery store organized seven years ago as a corporation. The bookkeeper prepared the following statement at year-end (assume that all amounts are correct, but note the incorrect format: BIG TOMMY CORPORATION Profit and Loss December 31 Debit Credit Cost of Goods Sold $271,eee 04fice Expenses Income Tax Expense et Profit Totals 2. Compute the gross profit percentage Round your answer to 1 decimal place.)