Soda Company made sales of $27,625 million during 2021. Cost of goods sold for the year totaled $11,050 million. At the end of 2020, Soda's inventory stood at $1,000 million, and Soda ended 2021 with inventory of $1,600 million. Compute Soda's gross profit percentage and rate of inventory turnover for 2021. Begin by computing Soda's gross profit percentage for 2021. (Round your answer to the nearest tenth of a percent, X.X%.) Soda's gross profit percentage for 2021 is %.

Soda Company made sales of \$27,625 million during 2021. Cost of goods sold for the year totaled $11,050 million. At the end of 2020 Soda's inventory stood at $1,000 million, and Soda ended 2021 with inventory of $1,600 million. Compute Soda's gross profit percentage and rate of inventory turnover for 2021. Begin by computing Soda's gross profit percentage for 2021 . (Round your answer to the nearest tenth of a percent, X% ) Soda's gross profit percentage for 2021 is