Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders' equity Net income 2021 2020 $ 85,000 $ 76,000 91,000 79,000 420,000 377,000 262,000 222,000 810,000 760,000 505,000 450,000 72,000 59,000 TPX Company's 2021 gross profit ratio is: (Round your answer to one decimal place.) TPX Company's 2021 gross profit ratio is: (Round your answer to one decimal place.) Multiple Choice 62.4%. 46.6% 42.6% 37.6%