Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below points Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders' equity Net income 2021 $ 89,000 92,000 500,000 264,000 820,000 515,000 80,000 2020 $75,000 73,000 380,000 218,000 755,000 420,000 52,000 ( 8 012951 TPX Company's 2021 gross profit ratio is: (Round your answer to one decimal place.)