QUESTION 27 Sugar, Inc. selfs 5749.300 of goods during the year that have a cost of 5518,600. Inwentary was $31.183 at the beginning of the year and $35,438 at the end of the year What is the inventory turnover ratio (Round your final answer to 1 decimal place) 225 times 16.2 times 17.3 times 6.3 times None of the above QUESTION 28 McQueer in buys premium ice cream at a cost of $1.75 a gallon and sells it for $450 a gallon. Selline general and administrative expenses are 50.85 per gallon. Which of the following statements is correct? The difference between the selling price and the cost is recorded in the gross profit account The difference between the selling price and the cost is recorded in the Net Profit account Gross profit per galon is 52.75 Gross profit per pallon is $1.90 None of the above statements are correct