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Required information [The following information applies to the questions displayed below.] Over a four-year period, Custard Corporation reported the following series of gross profits. In

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Required information [The following information applies to the questions displayed below.] Over a four-year period, Custard Corporation reported the following series of gross profits. In 2024, the company performed a comprehensive review of its inventory accounting procedures. Based on this review, company records reveal that ending inventory was understated by $8,840 in 2022 . Inventory in all other years is correct. Calculate the gross profit ratio for each of the four years based on corrected amounts. (Round your answers to the nearest whole ercent.)

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