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Business, 23.09.2019 22:20 jayyy1002

Lemony company made sales of $ 32 comma 200 million during 2018. cost of goods sold for the year totaled $ 12 comma 880 million. at the end of 2017, lemony's inventory stood at $ 1 comma 200 million, and lemony ended 2018 with inventory of $ 1 comma 600 million. compute lemony's gross profit percentage and rate of inventory turnover for 2018. begin by computing lemony's gross profit percentage for 2018. (round your answer to the nearest tenth of a percent, x. x%.) lemony's gross profit percentage for 2018 is %.

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