The comparative financial statements of Seward, Incorporated include the following data: Operating Expenses Interest Expense Income Tax Expense O 42.37% Income Statement Net Sales Revenue Cost of Goods Sold O 21.15% 116,000 Plant, Property and Equipment, Net 99,000 Current Liabilities 45,500 Long-Term Liabilities 43,500 Stockholders' Equity 126,000 Total Liabilities & Stockholders' Equity 215,000 O 57.63% Net Income Balance Sheet Current Assets O 13.60% Current Year Prior Year The gross profit percentage for the current year is closest to: $ 131,000 $ 101,000 55,500 47,500 39,100 32,100 3,600 3,600 5,100 4,100 27,700 13,700 96,000 106,000 38,500 43,500 120,000 202,000

The comparative financial statements of Seward, Incorporated include the following data: P Tot The gross profit percentage for the current year is closest to: 42.37% 21.15% 57.63% 13.60%