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Saved Help Save Thompson TV and Appliance reported the following in its 2021 financial statements: 7 2021 $436,000 8 01:20:09 Sales Cost of goods sold:

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Saved Help Save Thompson TV and Appliance reported the following in its 2021 financial statements: 7 2021 $436,000 8 01:20:09 Sales Cost of goods sold: Inventory, January 1 Net purchases Goods available for sale Inventory, December 31 Cost of goods sold Gross profit 73,000 328,000 401,000 88,000 313,000 $123,000 Thompson's 2021 gross profit ratio is: (Round your answer to the nearest whole percentage.) Multiple Choice 25% t 7 of 23 104 153 12.156 A 15

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