QUESTION Jones Company has the following financial data: Assets Current Assets: Cash and Cash Equivalents Accounts Receivable Merchandise Inventory Prepaid Expenses Total Current Assets Other Assets Total Assets Current Liabilities Long-term Liabilities Total Liabilities Liabilities 2019 $ 2,000 1,800 1,200 1,300 6,300 17,000 $23,300 $ 7,000 4,000 11,000 2018 $ 1,900 1,600 1,000 2,100 6,600 15,000 $21,600 $ 8,000 3,500 11,500 ANSWER 100% 143% 70% 30% I DON'T KNOW YET submit Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Net Sales Cost of Goods Sold Gross Profit Operating Expenses Operating Income Interest Expense Income Before Income Taxes Income Tax Expense Net Income What is the gross profit percentage for 2019? 2019 $ 6,500 5,800 12,300 $23,300 $ 30,000 9,000 21,000 6,000 15,000 300 14,700 2,400 $12,300 $ 4,300 5,800 10,100 $21,600