Cola Company made sales of $34,500 million during 2021. Cost of goods sold for the year totaled $13,800 million. At the end of 2020, Cola's inventory stood at $1,200 million, and Cola ended 2021 with inventory of $1,800 million. Compute Cola's gross profit percentage and rate of inventory turnover for 2021. C Begin by computing Cola's gross profit percentage for 2021. (Round your answer to the nearest tenth of a percent, X.X%.) Cola's gross profit percentage for 2021 is %

Cola Company made sales of $34,500 million during 2021. Cost of goods sold for the year totaled $13,800 million. At the end of 2020, Cola's inventory stood at $1,200 million, and Cola ended 2021 with inventory of $1,800 million. Compute Cola's gross profit percentage and rate of inventory turnover for 2021. C Begin by computing Cola's gross profit percentage for 2021. (Round your answer to the nearest tenth of a percent, X.X%.) Cola's gross profit percentage for 2021 is %

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Description: aTTACHED IN SCREENSHOTTHANKSNKONPPPP4N4PN4PT4 Cola Company made sales of $34,500 million during 2021. Cost of goods sold for the year totaled $13,800 million. At the end of 2020, Cola's inventory stood at $1,200million, and Cola ended 2021 with inven

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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