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.

Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?