Networking Systems, which uses the perpetual inventory system, earned sales revenue of $66 million in 2023. Cost of goods sold was $35 million, and net income reached $16 million. Total current assets included inventory of $14 million at December 31, 2023. Last year's ending inventory was $13.2 million. The managers of Networking Systems need to know the company's gross profit margin and inventory turnover for 2023. Compute these amounts, rounding to one decimal place. What do they reveal about the company