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 $ 82,000 88,000 490,000 256,000 805,000 510,000 78,000 2020 $ 83,000 76,000 381,000 226,000 775,000 435,000 51,000 TPX Company's 2021 gross profit ratio is: (Round your answer to one decimal place.) Multiple Choice O 47.8%. O 56.8% O 52.8%