Given below are comparative balance sheets and an income statement for Claret Corporation.

CLARET CORPORATION Balance Sheets - 2015
	Dec. 31	Jan. 1
Cash	$ 15,300	$ 15,300
Accounts receivable	$ 46,410	$ 37,100
Inventory	$ 32,200	$ 36,100
Equipment (Net)	$ 56,900	$ 66,000
	$ 150,810	$ 154,500
Accounts payable	25,700	28,300
Dividends payable	7,500	3,600
Long-term note payable	14,000	14,000
Capital stock, $5 par	72,500	72,500
Retained earnings	31,110	36,100
	$ 150,810	$ 154,500

CLARET CORPORATION Income Statement For the year ended 2015
Sales	$ 228,500
Cost of goods sold	(137,510)
Gross profit on sales	$ 90,990
Operating expenses	(75,838)
Operating income	$ 15,152
Interest income and income taxes	(8,950)
Net income	$ 6,202

All sales were made on account. Cash dividends declared during the year totaled $11,192.

83.

Required information

Claret Corporation's gross profit rate for 2015 is:

60.18%.

39.82%.

33.19%.

66.17%.