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Lemony Company made sales of 39,900 million during 2021. Cost of goods sold for the year totaled 15,960 million. At the end of 2020, Lemonys

Lemony Company made sales of 39,900 million during 2021. Cost of goods sold for the year totaled 15,960 million. At the end of 2020, Lemonys inventory stood at 1,800 million, and Lemony ended 2021 with inventory of 2,000 million. Compute Lemonys gross profit percentage and rate of inventory turnover for 2021.

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