Wright & Boyle Inc. had the following income statement for the month of May: Sales revenue $470,800.00 217,766.40 Cost of goods sold Gross margin Less: $ 253,033.60 Selling expenses Administrative expenses Operating income $86,199.20 74,942.80 $ 91,891.60 What was the cost of goods sold percent? (Note: Round answer to two decimal places.) Oa. 19.45% Ob. 52.56% Oc. 100.51% Od. 46.25%