Assume Gildan Activewear Inc. made sales of $968.9 million during 2020. Cost of goods sold for the year totalled $660.8 million. At the end of 2019. Gildan's inventory stood at $2042 million, and Gildan ended 2020 with inventory of $244 million Compute Gildan's gross profit percentage and rate of inventory turnover for 2020. Assume the industry average is 34% for the gross profit percentage and 2.9 times for the inventory turnover How do the company's ratios compare to the industry averages? Gildan's gross profit percentage for 2020 is % (Enter your answer as a percentage rounded to one decimal place.)