7.

The Green Gator Shop had the following inventory data: (Click the icon to view the inventory data.) Read the requirements. Requirement 1. Green Gator need to know the company's gross profit percentage and rate of inventory tumover for 2021 under (1) FIFO, and (2) LIFO. Begin by calculating the gross profit percentage. (Enter the percentage to the nearest tenth of a percent, X.X%, Do not onter the \% symbol in the input field.) Requirements 1. Company managers need to know the company's gross profit percentage and rate of inventory turnover for 2021 under 1. FIFO. 2. LIFO. 2. Which method produces a higher gross profit percentage? A higher inventory turnover? Print Done