Help Save 5 1 Restate the partial income statements to reflect the correct amounts, after fixing the inventory error 2 Compute the gross profit percentage for all four quarters both a before the correction and after the correction. Does the pattern of gross profit percentages lend confidence to your corrected amounts? TIP. Gross profit percentage is calculated as (Gross Profit Net Sales) 100 20 Skipped Complete this question by entering your answers in the tabs below Book Print References Required 1 Required 2 Compute the gross profit percentage for all four quarters both (a) before the correction and (b) after the correction. Does the pattern of gross pront percentages lend confidence to your corrected amounts, TP: Gross pront percentage is calculated as (Gross Profit + Net Sales) x 100, (Round your answers to the nearest whole percent.) After Correction Does the patern of gross profit percentages lend confidence to your corrected amounts? C Required 1