Thompson TV and Appliance reported the following in its 2021 financial statements: 2021 $440,000 Sales Cost of goods sold: Inventory, January 1 Net purchases Goods available for sale Inventory, December 31 Cost of goods sold Gross profit 78,000 332,000 410,000 102,000 308,000 $132,000 Thompson's 2021 gross profit ratio is: (Round your answer to the nearest whole percentage.) Multiple Choice 25%. 33%. None of these answer choices are correct. 30%