The following data came from the records of JoeMontana Incorporated for the year ended December 31, 2018:

The following data came from the records of JoeMontana Incorporated for the year ended December 31, 2018: Administrative Expense $ 19,200 Cost of Goods Sold 167,000 Income Tax Expense 18,350 Sales Returns 7,170 Selling Expense 41,000 Sales of Merchandise 286,800 [ Required: 1. Based on the information above, what was the gross prot ratio? (Round your answer to 2 decimal places.) %