Walmart, Inc. is conducting an analysis of its inventory management for the fiscal year. They

have data indicating that the beginning inventory value was $2,500,000. Throughout the year,

they made purchases totaling $10,000,000 and incurred freight-in costs of $500,000. Sales for

the year amounted to $12,000,000. Additionally, they had sales returns of $300,000, and the

ending inventory was valued at $3,000,000. Calculate the cost of goods sold, the gross profit,

and the inventory turnover ratio for Walmart, Inc. during this fiscal year.