Spritzer Company made sales of $ 29750 million during 2018. Cost of goods sold for the year totaled $ 11900 million. At the end of 2017, Malt's

inventory stood at $ 1200 million, and Spritzer ended 2018 with inventory of $ 1600 million. Compute Malt's gross profit percentage and rate of inventory turnover for 2018.

Begin by computing Spritzer

Spritzer's gross profit percentage for 2018 (Round your answer to the nearest tenth of apercent, X.X%.)

Spritzer's gross profit percentage for 2018 is 60%

Now compute Spritzer

Spritzer's rate of inventory turnover for 2018. (Round your answer to one decimalplace.)

Spritzer's rate of inventory turnover for 2018 is ______ times??