4.00 points E13-4 Computing Profitability Ratios LO 13-4, 13-5] According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipment fell 4.8 percent between 2009 and 2010. Let's see whether these changes are reflected in the income statement of Computer Tycoon Inc. for the year ended December 31, 2010. 2010 2009 Sales Revenues $100,000 $120,000 Cost of Goods Sold 60,000 71,500 Gross Profit 40,000 48,500 Selling, General, and Administrative Expenses 36.000 37,000 Interest Expense 500 475 before Income Tax Expense Income Tax Expense 3,500 11,025 1,000 5,000 Net Income 2,500 6,025 Required: 1-a. Compute the gross profit percentage for each year (Round your answers to 1 decimal place.) Gross Profit Percentage 2009 2010