Shown below is selected information from the financial statements of Supreme Company Dollar amounts are in millions (except for the per share data).

Supreme reported earnings per share for the year of $4 and paid cash dividends of $1 per share. At year-end, the Wall Street Journal listed Supreme's capital stock as trading at $91 per share.

Supreme's gross profit rate was:

Shown below is selected information from the financial statements of Supreme Company Dollar amounts are in millions (except for the per share data). 28 Income statement information: Net sales $ 1, 290 Cost of goods sold $ 535 Operating expenses $ 455 Net income $ 420 Balance sheet information: eBook Average total equity $ 2, 700 Average total assets $ 4,300 Supreme reported earnings per share for the year of $4 and paid cash dividends of $1 per share. At year-end, the Wall Street Journal listed Supreme's capital stock as trading at $91 per share. Supreme's gross profit rate was: Multiple Choice O 58.53%. O 41.47%. O 23.26%. O 32.56%