Part 1 and 2 of the same problem, not separate problems

Required Information (The following information applies to the questions displayed below.] Part 1 of 2 Over a four-year period. Jackie Corporation reported the following series of gross profits. 2018 2019 2020 2021 Net sales $58,000 $64,980 $72,980 $88,88 Cost of goods sold 30.680 44,580 26,680 46,689 Gross profit $27,480 $19,480 $45,400 $41,480 points eBook 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 $10.880 in 2019. Inventory in all other years is correct. Print 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.) Peterences Gross Profit Ratio 2018 2019 2020 2021 Required Information The following information applies to the questions displayed below.] Part 2 of 2 1.5 points Over a four-year period, Jackie Corporation reported the following series of gross profits. 2018 2019 2020 2021 Net sales $58,000 $64,000 $72,000 $88,888 Cost of goods sold 30,68 44,680 26,600 46,500 Gross profit $ 27,400 $19,480 $45,429 $41,490 eBook 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 $10.880 in 2019. Inventory in all other years is correct. Print 2. Calculate the gross profit ratio for each of the four years based on corrected amounts. (Round your answers to the nearest whole percent.) References Gross Profit Ratio