0 Income statement 2016 2015 Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes (amounts in thousands) 2017 211,400 $ 182,910 105,000 96,000 106,400 $ 86,910 53,000 46,000 53.400 $ 40,910 5.385 6,459 48,015 $ 34,451 22.617 16. 160 Print Done i Income statement JJUJ 0,435 LESS. Merest expense Income before income taxes 48,015 $ 22,647 25,368 $ 34,451 16,160 Less: Income tax expense Net income 18,291 Additional data: Total assets Common stockholders' equity Preferred dividends Common shares outstanding during the year 180,000 61,110 i 207 000 $ 101,000 $ 2,980 S 27,985 195,000 $ 92,000 $ 2,980 $ 27,985 26,000 Print Done Compute six ratios that measure Bonaparte Corporation's ability to earn profits. The company's comparative income statement follows. The data for 2015 are given as needed. E: (Click the icon to view the comparative income statement.) Did the company's operating performance improve or deteriorate during 2017? a. Calculate the gross profit percentage for 2016 and 2017 Identify the formula, then calculate the gross profit percentage. (Round the percentages to two decimal places, XXX%.) Gross profit Net sales Gross profit percentage 2017 2016