q4

Pound General Corporation operates general merchandise stotes that feature quality merchandise at low prices. All stores are located in the United States, predominantly in small towns in midwestem and southeastern states. In a recent year, the company reported average inventories of $1,506 million and an inventory turnover ratio of 6.0 . Average total fixed assets. were $1,235 million, and the fixed asset turnover ratio was 9.0 What amount did Pound General report as gross profit in the current year? Note: Round your intermediate calculations to the nearest milion