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Compute malt rate of inventory turnover

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Malt Company Compute Malt's gross profit percentage and rate of inventory turnover for 2018. made sales of $28,125 million during 2018. Cost of goods sold for the year totaled $11,250 million. At the end of 2017?, Malt's inventory stood at $1,300 ?million, and Malt ended 2018 with inventory of $1,700 million.

Problem 1: Begin by computing Malt?'s gross profit percentage for 2018. ?(Round your answer to the nearest tenth of a?percent, X.X%.)

Malt's gross profit percentage for 2018 is

Problem 2: Now compute Malt?'s rate of inventory turnover for 2018. ?(Round your answer to one decimal? place.)

Reference no: EM132959782

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