S6-10 (Learning Objective 4: Compute ratio data to evaluate operations) Cola Company made sales of $

S6-10

(Learning Objective 4: Compute ratio data to evaluate operations) Cola Company made sales of $35,376 million during 2012. Cost of goods sold for the year totaled $15,437 million. At the end of 2011, ColaAc€?cs inventory stood at $1,672 million, and Cola ended 2012 with inventory of $1,908 million.

Compute ColaAc€?cs gross profit percentage and rate of inventory turnover for 2012.