Required information Problem 6-10A (Algo) Correct inventory understatement and calculate gross profit ratio (LO6-7, 6-9) [The following information applies to the questions displayed below] Over a four-year period, Patterson 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 $9,860 in 2022 . Inventory in all other years is correct. 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.)