X corporation has the following information for 2014, 2015 and 2016 2014 2015 2016 Beginning Inventory 1,200 1,400 1,800 Ending Inventory 1,400 1,800 2,600 Cost of Goods Sold 13,000 12,800 13,200 Sales 20,000 20,000 22,000 abs Compute the gross profit rate for 2016 Round your answer to the nearest whole per cent. Enter 25.6% as 26