martin wireless reported these figures in its december 31, 2020 financial statements.

1. Compute the gross margin precentage for 2020 (round to the nearest whole percent)

2. Compute the rate of inventory turnover for 2020. One year earlier on december 21, 2019 martin wireless's inventory balance was $640. (round the inventory turnover rate or one decimal place)

ver for 2020. One year earlier, on December 31, 2019. Martin's inventory balance was $640. s margin percentage to the 1 Figures Cancel on December 31, 2019, Mart Inventory turnover rate to one decimal place. $ 9,000 Accounts payable Accounts receivable 6,400 Accrued liabilities 41200 Cash 9,400 58,000 35,000 Cost of goods sold Equipment, net Inventory Long-term note payable Net sales revenue 900 3,600 72.000 29 000 Total operating expenses V. Martin, capital 34.900 Print Done he next