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Q4. (20 marks) Assume Vessi Inc. made sales of $964.4 million during 2015. Cost of goods sold for the year totalled $655.3 million. At the

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Q4. (20 marks) Assume Vessi Inc. made sales of $964.4 million during 2015. Cost of goods sold for the year totalled $655.3 million. At the end of 2014, Vessi's inventory stood at $200.7 million, and Vessi ended 2015 with inventory of $240 million. Compute Vessi's gross profit percentage and rate of inventory turnover for 2015

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