Amax Corporation estimates that it lost $$94,600$ in inventory from a recent flood. The following information is available from the records of the company's periodic inventory system: beginning inventory, $$190,000$; purchases and net sales from the beginning of the year through the date of the flood, $$430,000$ and $$740,000,$ respectively.

What is the company's gross profit ratio?

$\backslash$table$[[$Gross profit ratio$],[$Choose Numerator:,,Choose Denominator:,,Gross profit ratio$],[,,,=,$Gross profit ratio$],[,-,,,]]$