Cash and Carry operates general merchandise stores that feature quality merchandise at low prices to meet the needs of middle- low- and fixed-ncome families in southern, eastem, and midwestem states. For the year ended February 1, 2019, the company reported average Inventory of $2.485 (in Millions) and an inventory tumover of 4.99. Average total fixed assets were $2,070 (milioni and the fixed asset turnover ratio was 8.51. Required: 1-a. Calculate Cash and Carry'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 30.4 percent eamed during the previous year? Complete this question by entering your answers in the tabs below. Req 1A Req 18 Rey 2 Calculate Cash and Carry's net sales and cost of goods sold. (Enter your answers in whole dollars.) Net Sales Cost of Goods Sold Ren A Req 18 > Compute the gross profit percentage. (Do not round intermediate calculations. Round your percentage answer to 1 decimal place.) Gross Profit Percentage ( Req 1A Req 2 > Is this an improvement from the gross profit percentage of 30.4 percent eamed during the previous year? OYes No