The financial statements of Moore Company include the following data:\ Additional Resources\ \ 2022\ Sales \ Cost of Goods Sold \ Operating Expenses \ Net Cash Provided from Operating Activities \ Net Income \ Dividends \ Earnings per Share \ Additional Resources\ \ Moore Company\ Balance Sheet\ December 31\ Assets Dec 31, 2022 Dec 31, 2021\ Cash \ Accounts Receivable, net \ Inventory \ Total Current Assets \ Plant Assets, net \ Total Assets \ Liabilities and Stockholders' Equity \ Current Liabilities \ 10% Bonds Payable \ Total Liabilities \ Common Stock, $1 par \ Retained Earnings \ Total Stockholders' Equity \ Total Liabilities and Stockholders' Equity \ Required:\ Compute the gross profit rate for 2022. Round your answer to the nearest percentage.\ Gross profit rate: \ \ %