Can someone please assist, specifically with question #$2$ below:

$1.$ Assume $007$ Inc. made sales of $$891\mathrm{.}3$ million during $2016.$ The cost of goods sold for the year totaled $$581\mathrm{.}2$ million. At the end of $2015,007$ Inc. inventories stood at $$190\mathrm{.}4$ million, and the company ended $2016$ with an inventory of $$232$ million. Compute $007$s gross profit percentage and rate of inventory turnover for $2016.$

$2.$ Determine the effect on the cost of goods sold, total assets, and gross margin for $2015$ and $2016$ if the following inventory errors are not corrected. Indicate your answer with $(+)$ for overstated, $(-)$ for understated, and $(0)$ for no effect.

The beginning inventory for $2015$ is understated.

Ending inventory for $2015$ is understated.