Based on the Income Statement below answer the following question: What is the gross profit ratio for the year 2019? * for your answer round to two decimals DO NOT use percentages, dollar signs nor commas. USE periods. le, (0.11) MY FACTORY INCORPORATED INCOME STATEMENT (In thouande of dollars) Fiscal Year 2018 2019 $2.284911 $ 1.825.344 583.008 637,565 456,975 125.142 93.545 454.141 490,649 349.198 105.302 79.354 2011 Revenues Costs and expenses: Cost of sales Labor expenses Other Retine costs and expenses. General and administrative expenses Depreciation and amortization expens Impairmient of assets Preopening costs Total costs and expenses Income from operations Interest expense Interest Income Other (expense) income, net Income before lates Income tax provision 13.179 5.668 -6,393 1.095 -18.489 211 557 -300 43.450 32 314 Net income