Newfield Systems, which uses the perpetual inventory system, eamed sales revenue of 573 million in 2020. Cost of goods sold was $36 milion, and net income reached $15 million. Total current assets included inventory of $16.2 million at December 31, 2020. Last year's ending inventory was $15.4 milion. The managers of Newfield Systems need to know the company's gross margin percentage and rate of Inventory turnover for 2020. Compute these amounts First find the Newfield Systems' gross margin percentage. (Enter the answer as a percentage rounded to one decimal place, XX%.) Gross margin percentage: % Now find the rate of inventory turnover. (Round your answer to one decimal place, X.X.) Rate of inventory turnover times per year