The following amounts appeared on Plymouth Electronics' adjusted trial balance as of December 31, 2023. 2. Prepare a single-step income statement. Analysis Component: Calculate the gross profit ratio for the year ended December 31,2023 , and compare it to the prior year, commenting or-whether the change was favourable or unfavourable. The gross profit tatio for Plymouth Electronics' year ended December 31,2022 , was 32%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)