The following data were extracted from the 2018 financial statements of Penske Automotive Group, Incorporated. This company operates automobile dealerships, mostly in the United States, Canada, and Western Europe, and commercial truck dealerships in Australia, New Zealand, and the United Kingdom. The company had 536 dealerships as of the end of 2018. Dollar amounts are in millions. Revenue Cost of sale Gross profit Operating income before taxes Net income Ending inventory December 31, 2018 $ 22,785.1 19,370.2 3,414.9 604.1 471.0 4,040.1 December 31, 2017 $ 21,386.9 18,164.4 3, 222.5 548.2 613.3 3,944.1 Required a. Compute Penske's gross margin percentage for 2018 and 2017. b. Compute Penske's average days to sell inventory for 2018 and 2017. c. How much higher or lower would Penske's earnings before taxes have been in 2018 if its gross margin percentage had been the Reg A to B Reg C How much higher or lower would New Way's earnings before taxes have been in 2018 if its gross margin percentage had been the same as it was in 2017? (Enter your answer in millions of dollar. Round your answer to 1 decimal place.) in 2018 earnings before taxes million a. compute new ways gross margin percentage ror 2010 ana 2017. (Enter your answers as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).) b. Compute New Way's average days to sell inventory for 2018 and 2017. (Assume 365 days in a year. Do not round your intermediate calculations. Round your answers to the nearest whole number.) Show less A 2018 2017 a. Gross margin percentage Average days to sell inventory % days b. days Req A to B ReqC How much higher or lower would New Way's earnings before taxes have been in 2018 if its gross margin percentage had been the same as it was in 2017? (Enter your answer in millions of dollar. Round your answer to 1 decimal place.) in 2018 earnings before taxes million