Putter Company had an $18,000 beginning inventory and a $21,000 ending inventory. Net sales were $200,000; purchases, $95,000; purchase returns and allowances, $6,000; and freight in, $8,000.

1). Cost of goods sold for the period is?

2). What is Putter's gross profit percentage (rounded to the nearest percentage)?

3). What is Putter's rate of inventory turnover?