Pound General Corporation operates general merchandise stores that feature quality merchandise at low prices. All stores are located in the United States, predominantly in small towns in midwestern and southeastern states. In a recent year, the company reported average inventories of $$1,486$ million and an inventory turnover ratio of $6\mathrm{.}0.$ Average total fixed assets were $$1,245$ million, and the fixed asset turnover ratio was $8\mathrm{.}0.$

What amount did Pound General report as gross profit in the current year?

Note: Round your intermediate calculations to the nearest million.Pound General Corporation operates general merchandise stores that feature quality merchandise at low

prices. All stores are located in the United States, predominantly in small towns in midwestern and

southeastern states. In a recent year, the company reported average inventories of $$1,486$ million and an

inventory turnover ratio of $6\mathrm{.}0.$ Average total fixed assets were $$1,245$ million, and the fixed asset turnover

ratio was $8\mathrm{.}0.$

What amount did Pound General report as gross profit in the current year?

Note: Round your intermediate calculations to the nearest million.