Required information [The following information applies to the questions displayed below.) Over a four-year period, Jackie Corporation reported the following series of gross profits. 2018 2019 2020 2021 Net sales $50,000 $56,000 $64,000 $80,000 Cost of goods sold 25,000 39,000 21,000 41,000 Gross profit $25,000 $17,000 $43,000 $39,000 In 2021, the company performed a comprehensive review of its inventory accounting procedures. Based on this review, company records reveal that ending inventory was understated by $9,520 in 2019. Inventory in all other years is correct. Required: 1. Calculate the gross profit ratio for each of the four years based on amounts originally reported. (Round your answers to the nearest whole percent.) Gross Profit Ratio % % 2018 2019 2020 2021 %