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Spirit Companymade sales of$43,700 million during

Spirit Companymade sales of$43,700 million during 2014 Cost of goods sold for the year totaled$17,480million At the end of 2013?,Spirit?’s inventory stood at$1,800 ?million, andSpirit ended 2014 with inventory of$2,000 millionComputeSpirit?’s gross profit percentage and rate of inventory turnover for 2014Begin by computingSpirit?’s gross profit percentage for 2014?(Round your answer to the nearest tenth of a? percent, XX%)Spirits gross profit percentage for 2014 is ______%

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