Malt Company made sales of $32,200 million during 2021. Cost of goods sold for the year totaled $12,880 million. At the end of 2020, Malt's inventory stood at $1,100 million, and Malt ended 2021 with inventory of $1,700 million. Compute Malt's gross profit percentage and rate of inventory turnover for 2021. Begin by computing Malt's gross profit percentage for 2021. (Round your answer to the nearest tenth of a percent, XX%.) Malt's gross profit percentage for 2021 is %.