Selected data for a company are as follows: Gross profit on sales Income before income taxes Net income Net income as a percentage of net sales For year ended 12/31/22 $600,000 230,000 180,000 10% Compute operating expenses as a percentage of net sales for the year. (Income taxes are not operating expenses). Round your answer to one decimal place. For example, if your result is .3521, you would enter 35.2.