Use the following selected 2019 balance sheet and income statement information for Homer Glen Supply Co. (in millions) to compute the gross profit percentage to the nearest hundredth of a percent.

Net income	Gross profit on sales	Average total assets	Sales	Tax rate on operating profit
$104,940	$1,050,600	$631,050	$2,373,882	35%

Select one:

A. 4.42%

B. 44.26%

C. 28.76%

D. 8.56%