56-11 (similar to) Question Help Spritzer Company made sales of $34.000 million during 2018. Cost of goods sold for the year totaled $14,620 million. At the end of 2017, Spritzer's inventory stood at $1,600 million, and Spritzer ended 2018 with Inventory of S1,800 million Compute Spritzer's gross profit percentage and rate of inventory tumover for 2018. Begin by computing Spritzer's gross profit percentage for 2018. (Round your answer to the nearest tenth of a percent, XX%.) Spritzer's gross profit percentage for 2018 is