Assume Gildan Activewear Inc. made sales of \(\$ 964.4\) million during 2020. Cost of goods sold for the year totalled \(\$ 655.3\) million. At the end of 2019, Gildan's inventory stood at \(\$ 200.7\) million, and Gildan ended 2020 with inventory of \(\$ 240\) million. Compute Gildan's gross profit percentage and rate of inventory turnover for 2020. Assume the industry average is \(35 \%\) for the gross profit percentage and 2.9 times for the inventory turnover. How do the company's ratios compare to the industry averages?