Assume Gildan Activewear Inc. made sales of $964.4 million during 2015. Cost of goods sold for the
Question:
Assume Gildan Activewear Inc. made sales of $964.4 million during 2015. Cost of goods sold for the year totalled $655.3 million. At the end of 2014, Gildan's inventory stood at $200.7 million, and Gildan ended 2015 with inventory of $240 million. Compute Gildan's gross profit percentage and rate of inventory turnover for 2015?
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