Calculate the gross profit ratio and the inventory turnover ratio for the fiscal year ended February $1,2020.$ Compare Target$$s ratios with the industry averages of $24\mathrm{.}5\%$ and $7\mathrm{.}1$ times. Determine whether Target$$s ratios indicate the company is more or less profitable and sells its inventory more or less frequently compared to the industry average.

Note: Do not round intermediate calculation. Round "Gross profit ratio" to $1$ decimal place and "Inventory turnover ratio" to $2$ decimal places.