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.

Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.