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Soda Pop Company made sales of $31,875 million during 2014. Cost of goods sold for the year totaled $12,750 million. At the end of 2013,

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Soda Pop Company made sales of $31,875 million during 2014. Cost of goods sold for the year totaled $12,750 million. At the end of 2013, Soda Pop's inventory stood inventory of $1,800 million. $1,200 million, and Soda Pop ended 2014 with Compute Soda Pop's gross profit percentage and rate of inventory turnover for 2014. Begin by computing Soda Pop's gross profit percentage for 2014. (Round your answer to the nearest tenth of a percent, X.X%.) Soda Pop's gross profit percentage for 2014 is 60 % Now compute Soda Pop's rate of inventory turnover for 2014. (Round your answer to one decimal place.) Soda Pop's rate of inventory tumover for 2014 is times

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