The following information was available for Tamarisk, Inc. at December 31, 2017: beginning inventory $86000; ending inventory $132000; cost of goods sold $652000; and sales $864000. Tamarisk days in inventory (rounded) in 2017

The following information was available for Novak Corp. at December 31, 2017: beginning inventory $75000; ending inventory $130000; cost of goods sold $628000; and sales $808000. Novak inventory turnover ratio (rounded) in 2017

Financial information is presented below:

Operating expenses$ 44000

Sales returns and allowances3000

Sales discounts5000

Sales revenue150000

Cost of goods sold96000

Gross Profit would be

Financial information is presented below:

Operating expenses$ 34000

Sales returns and allowances9000

Sales discounts3000

Sales revenue156000

Cost of goods sold101000

The gross profit rate would be