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Cinrich is a West Coast company with more than 400 drug stores. Financial information for fiscal 2020 and 2019 follows: Fiscal 2020 Fiscal (in thousands)

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Cinrich is a West Coast company with more than 400 drug stores. Financial information for fiscal 2020 and 2019 follows: Fiscal 2020 Fiscal (in thousands) 2019 Sales $4,813.900 $5,091,200 3,559.100 3,199,400 Cost of merchandise sold Merchandise inventory 458.180 559,300 (a) Compute the gross margin percentage for both years. (Round answers to 1 decimal place, e.g. 10.6%) 2020 2019 Gross margin percentage e Textbook and Media

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