Please answer both 1 and 2. For 1, please enter the percentage to the nearest tenth of a percent

1. Company managers need to know the company's gross profit percentage and rate of inventory turnover for 2018 under 1. FIFO. 2. LIFO. 2. Which method produces a higher gross profit percentage? A higher inventory turnover? 2017 2018 20,075 $ 29,245 Ending inventory at: FIFO Cost LIFO Cost Cost of goods sold at: 12,540 17,600 FIFO Cost $ 86,310 LIFO Cost 97,955 Sales revenue.... 137,000