Another One's Treasure operates general merchandise stores that feature quality merchandise at low prices to meet the needs of middle- low- and fixed-income families in southern, eastern and midwestern states. For the year ended February 1, 2019, the company reported average Inventory of $2,469 In millions) and an inventory turnover of 4.83. Average total fixed assets were $2086 million and the fixed asset turnover ratio was 8.35. Required: 1-a. Calculate Another One's Treasure's net sales and cost of goods sold. 1-b. Compute the gross profit percentage. 2 is this an improvement from the gross profit percentage of 33.8 percent eamed during the previous year? Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Rey 2 Calculate Another One's Treasure's net sales and cost of goods sold. (Enter your answers in whole dollars.) Net Sales Cost of Goods Sold RESA Req 18 > Compute the gross profit percentage. (Do not round intermediate calculations. Round your percentage answer to 1 decimal place.) Gross Profit Percentage 75 Is this an improvement from the gross profit percentage of 33.8 percent eamed during the previous year? Yes No