A company reported the following financial data for 2024 and 2023: 2024 2023 Sales $ 313,000 $ 291,000 Sales returns and allowances 8,400 Net sales Cost of goods sold: Inventory, January 1 Net purchases 5,300 $ 304,600 $285,700 61,000 26,000 142,000 128,000 Goods available for sale 203,000 154,000 Inventory, December 31 58,000 61,000 Cost of goods sold 145,000 93,000 Gross profit $ 159,600 $ 192,700 The gross profit ratio in 2024 is: Note: Round your answer to one decimal place e.g., 0.123 as 12.3%. None of the other answer choices are correct. 54.6%. 59.7%. 52.4%.