The Foster Company reported the following:

Year 3 Year 2 Year 1

Revenues. 14,500 12,30 10,800

Cost of goods sold 10,600 8,900 7,400

Admin. expenses. 2,700 2,800 2,100

Net income. 1,200 600 1,300

Total assets 26,400 20,500 18,600

What is the company's gross profit ratio for Year 3?

Convert your final answer to a percentage, round to one decimal place and enter without the "%" sign (e.g. a final answer of 0.105678 would be entered as 10.6).