Malt Company made sales of $26,250 million during 2014. Cost of goods sold for the year totaled $10,500 million. At the end of 2013, Malt's inventory stood at $1,200 million, and Malt ended 2014 with inventory of $1,800 million. Compute Malt's gross profit percentage and rate of inventory turnover for 2014 Begin by computing Malt's gross profit percentage for 2014. (Round your answer to the nearest tenth of a percent, X.X%.) Malt's gross profit percentage for 2014 is 60 %. Now compute Malt's rate of inventory turnover for 2014. (Round your answer to one decimal place.) times Malt's rate of inventory turnover for 2014 is