Check my wo 17 Required information [The following information applies to the questions displayed below.] Part 1 of 2 1 points Over a four-year period, Jackie Corporation reported the following series of gross profits. 2018 2019 2020 2021 Net sales $44,000 $50,000 $58,000 $74,000 Cost of goods sold 20,800 34,800 16,800 36,800 Gross profit $23,200 $15,200 $41,200 $37,200 Skipped In 2021, the company performed a comprehensive review of its inventory accounting procedures. Based on this review, company records reveal that ending inventory was understated by $8,500 in 2019. Inventory in all other years is correct. eBook Print References Required: 1. Calculate the gross profit ratio for each of the four years based on amounts originally reported. (Round your answers to the nearest whole percent.) Gross Profit Ratio 2018 % 2019 % 2020 % 2021 %