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Lemony Company made sales of $28, 125 million during 2021. Cost of goods sold for the year totaled $11,250 million. At the end of 2020,

Lemony Company made sales of $28, 125 million during 2021. Cost of goods sold for the year totaled $11,250 million. At the end of 2020, Lemony's inventory stood at $1,300 million, and Lemony ended 2021 with inventory of $1,700 million. Compute Lemony's gross profit percentage and rate of inventory turnover for 2021. Begin by computing Lemony's gross profit percentage for 2021. (Round your answer to the nearest tenth of a percent, XX%.) Lemony's gross profit percentage for 2021 is Now compute Lemony's rate of inventory turnover for 2021. (Round your answer to one decimal place.) Lemony's rate of inventory turnover for 2021 is times

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