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Cola Company made sales of $27,300 million during 2018. Cost of goods sold for the year totaled $10,920 million. At the end of 2017, Malt's
Cola Company made sales of $27,300 million during 2018. Cost of goods sold for the year totaled $10,920 million. At the end of 2017, Malt's inventory stood at $1,000 million, and Cola ended 2018 with inventory of $1,600 million Compute Malt's gross profit percentage and rate of inventory turnover for 2018. Begin by computing Cola's gross profit percentage for 2018. (Round your answer to the nearest tenth of a percent, X.X%.) Cola's gross profit percentage for 2018 is ]% Now compute Cola's rate of inventory turnover for 2018. (Round your answer to one decimal place.) Cola's rate of inventory turnover for 2018 isimes
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