Psymon Company, Inc., sells construction equipment. The annual fiscal period ends on December 31. The following adjusted trial balance was created from the general ledger accounts on December 31 Account Titles Cash DebitsCredits 49,310 20,800 75,500 57,000 Accounts Receivable Inventory Property and Equipment Accumulated Depreciation Accounts Payable Common Stock 23,900 34,900 104,000 13,000 196,400 Retained Earnings, January 1 Sales Revenue Cost of Goods Sold 114,800 19,800 20,800 2,700 11,490 Salaries and Wages Expense Office Expenses Interest Expense Income Tax Expense Totals $372,200 $372,200 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.) Profit Percentage K Prev 12.of 15 Next >