Problem 6-10A (Algo) Correct inventory understatement and calculate gross profit ratio (LO6-7, 6-9) Requlred informotion [The following information applies to the questions displayed below] aver a fouryear penod, Paterson Corporation reported the following series of gross profits. in 2024, the company performed a comprehenstve review of its inventory accounting procedures. Based on thas review. company fecords teveal that ending ifventory wss understated by 510,880in2022. Inventory in all other years is cortect. Problem 6-10A (Algo) Part 2 2. Cakculate the gross profit ratio for each of the four years based on conrected amounts. (Round your answers to the nearest whole percent.)