Question 3 (15 marks) Smart-T Incorporated had sales and cost of sales of $1,850,000 and 1.10 by the company had shareholders' equity of $925,000, liabilities of STTS pod of 1.700 ... I n Smart-T's assets was inventory valued at $100,000 which was a $50 in the previous ear's holdings. i) Calculate Smart-T's gross profit percentage and inventory turn sex for 2013 State some methods retailers might use to increase the gross margin on sale Discuss methods companies could use to increase the rate of inventory tur ii) EUR L AV 40. State some methods retailers might use to increase the gross margin on sales. Discuss methods companies could use to increase the rate of inventory turnover