The following information is taken from the financial statements of Touche Company for the current year: Current Assets $ 632,000 Total Assets 1,424,000 Cost of Goods Sold 1,040,000 Gross Profit 320,000 Net Income 192,000 The gross profit percentage for the current year rounded to the nearest whole percent is closest to: A) 24%. B) 76%. C) 60%. D) 31%