28. Use the following data to answer the questions below: Nov. 30, 2011 Nov. 30, 2012 Nov. 30, 2013 Sales $3,500,000 $4,000,000 $4,400,000 COGS $2,100,000 $2,400,000 $2,685,000 Inventory $650,000 $700,000 $600,000 What is the Gross Profit for 2012? (4 Points) 1 Calculate Gross Profit Ratio for 2012: (4 Points) Calculate inventory turnover ratio for 2012: (4 Points)