33. Use the following prompt to answer questions 6, 7, and 8: A company had a beginning inventory of $8,000 at January 1, 2017 and net purchases of inventory of $95,000 during 2017. Ending inventory was $3,500 on December 31, 2017. Net Sales Revenue for 2016 was $175,000. A. What is the 2017 cost of goods sold? B. What is the 2017 gross profit? C. What is the 2017 gross profit percent? b) c) 34. Company A had inventory of $20,000 on January 1, 2017 and $40,000 on December 1, 2017. COGS for 2017 was $125,000. What was the inventory turnover for 2017? Round to one decimal place. A. 4.5 times B. 4.2 times