Need to figure out the increase in 2018 earnings before taxes ____ million

ry: 20 X Question 1 - Chapter 5 Problen X Course Hero x 0 Mail - Jacob Aaron Mchenry - ( x + heducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddlev roblem i Saved Help The following data were extracted from the 2018 financial statements of New Way Automotive Corporation. This company operates automobile and commercial vehicle dealerships in many countries. The company had over 600 dealerships as of the end of 2018. Dollar amounts are in millions. December 31, 2018 December 31, 2017 Revenue $22, 813. 1 $21, 414 . 9 Cost of sale 19 , 384 .2 18 , 178 . 4 Gross profit 3 , 428.9 3 , 236.5 Operating income before taxes 606.5 550 .5 Net income 472.9 615.9 Ending inventory 4, 045.2 3, 949.3 Required a. Compute New Way's gross margin percentage for 2018 and 2017. b. Compute New Way's average days to sell inventory for 2018 and 2017. c. How much higher or lower would New Way's earnings before taxes have been in 2018 if its gross margin percentage had been the same as it was in 2017? Complete this question by entering your answers in the tabs below. Req A to B Req C How much higher or lower would New Way's earnings before taxes have been in 2018 if its gross margin percentage had been the same as it was in 2017? (Enter your answer in millions of dollars. Round your answer to 1 decimal place.) Increase in 2018 earnings before taxes million Prey. 1 of 2 Next > 20 DD DD F3 F5 F6 F8 F9 F10 @ # % A 3 4 5 8 O E R T Y U O