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Adams Corporation estimates that it lost $187,200 in inventory from a recent flood. The following information is available from the records of the company's periodic inventory system: beginning inventory. $330,000; purchases and net sales from the beginning of the year through the date of the flood, $570,000 and $880,000, respectively. What is the company's gross profit ratio? Gross profit ratio Choose Denominator: Choose Numerator: Gross profit ratio Gross profit ratio