1 017 Assume Gildan Activewear Inc made sales of $964.4 million during 2020. Cost of goods sold for the year totalled $657 6 million. At the end of 2019, Gildan's inventory stood at $205 3 million, and Gildan ended 2020 with inventory of $245 million Compute Gildan's gross profit percentage and rate of inventory turnover for 2020. Assume the industry average is 36% for the gross profit percentage and 2.9 times for the inventory turnover. How do the company's ratios compare to the industry averages