Business, 25.02.2020 19:53, sjwharris2668

Cola Company made sales of $30,750 million during 2016. Cost of goods sold for the year totaled $12,300 milion. At the end of 2015, Cola's inventory stood at $1,300 million, and Cola ended 2016 with inventory of $1,700 million. Compute Cola's gross profit percentage and rate of inventory turnover for 2016. Begin by computing Cola's gross profit percentage for 2016. (Round your answer to the nearest tenth of a percent, X. X%.) Cola's gross profit percentage for 2016 is %. Now compute Cola's rate of inventory turnover for 2016. (Round your answer to one decimal place.) Cola's rate of inventory turnover for 2016 is Dimes.

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Cola Company made sales of $30,750 million during 2016. Cost of goods sold for the year totaled $12,...