Spirit company made sales of $ 38 comma 000 million during 2018. cost of goods sold for the year totaled $ 17 comma 100 million. at the end of 2017, spirit's inventory stood at $ 1 comma 800 million, and spirit ended 2018 with inventory of $ 2 comma 000 million. compute spirit's gross profit percentage and rate of inventory turnover for 2018.

Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to: