The following amounts appeared on Plymouth Electronics' adjusted trial balance as of De Merchandise inventory Other assets Liabilities Celine Plymouth, capital Celine Plymouth, withdrawals Sales Sales discounts Sales returns and allowances Interest income Cost of goods sold Sales salaries expense Office salaries expense Rent expense, selling space Rent expense, office space Store supplies expense Office supplies expense Depreciation expense, store equipment Depreciation expense, office equipment Insurance expense Totals Debit Credit $ 19,500 487,785 $ 312,370 247,605 67,000 942,000 14,580 5,715 720 719,000 79,200 56,500 33,000 3,000 1,620 735 8,910 2,760 3,390 $1,502,695 $1,502,695 PLYMOUTH ELECTRONICS Income Statement For Year Ended December 31, 2020 0 Operating expenses: Selling expenses: Total selling expenses General and administrative expenses: $ 0 Saved Assignment a PLYMOUTH ELECTRONICS Income Statement For Year Ended December 31, 2020 Revenues: Total revenues $ 0 Expenses: Total expenses 0 Analysis Component: Calculate the gross profit ratio for the year ended December 31, 2020, and compare change was favourable or unfavourable. The gross profit ratio for Plymouth Electron not round intermediate calculations. Round your final answer to 2 decimal places Gross profit ratio %