Financial Information for Jones Company Is Presented Below $\begin{array}{lr}\text { Operating Expenses } & \$ 65,000 \\\text { Net Sales } & 220,000 \\\text { Cost of Goods Sold } & 138,000\end{array}$

Financial information for Jones Company is presented below: $\begin{array}{lr}\text { Operating Expenses } & \$ 65,000 \\\text { Net Sales } & 220,000 \\\text { Cost of Goods Sold } & 138,000\end{array}$ The gross profit rate would be

A) .077.
B) .373.
C) .627.
D) .923.