Anthony Thomas Candies (ATC) reported the following financial data for 2021 and 2020:

	2021				2020
Sales	$	310,000			$	298,000
Sales returns and allowances		7,600				4,100
Net sales	$	302,400			$	293,900
Cost of goods sold:
Inventory, January 1		50,000				29,000
Net purchases		141,000				127,000
Goods available for sale		191,000				156,000
Inventory, December 31		65,000				50,000
Cost of goods sold		126,000				106,000
Gross profit	$	176,400			$	187,900

ATC's gross profit ratio (rounded) in 2021 is: