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 $1,456 million and an inventory turnover ratio of 5.0 . Average total fixed assets were $1,215 million, and the fixed asset turnover ratio was 9.0 . \begin{tabular}{|l|l|} \hline Gross profit & million \\ \hline \end{tabular}