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Requlred information. Problem 6-10A (Aigo) Correct inventory understatement and colculate gross profit ratio (LO6-7, 6-9)...

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Accounting

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Requlred information. Problem 6-10A (Aigo) Correct inventory understatement and colculate gross profit ratio (LO6-7, 6-9) [The following information apples to the questions displayed beiow] Over a fouryear penod, Potierson Corporation reported the following senes of gross profits In 2026, the company performed a comprehensive revew of its inventary accounting procedures. Based on this review. compory recoras teveal that enaing inventoly wos underswated by $10.080 in 2022 . Inventory in ail other years is correct Problem 6-10A (Algo) Part 1 Required: 1. Caicilise the gross profit ravo for esch of the four years bssed on amounts originaly reported (Round your onswers to the nearest. whole peicent.)

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