Malt Company made sales of $26,650 million during 2018. Cost of goods sold for the year totaled $10,660 million. At the end of 2017, Malt's inventory stood at $1,000 million, and Malt ended 2018 with inventory of $1,600 million Compute Malt's gross profit percentage and rate of inventory turnover for 2018. Begin by computing Malt's gross profit percentage for 2018. (Round your answer to the nearest tenth of a percent, XX%.) Malt's gross profit percentage for 2018 is 60 % Now compute Malt's rate of inventory turnover for 2018. (Round your answer to one decimal place.) Malt's rate of inventory turnover for 2018 is times. lo