Dartmouth Games reported the following information for a three-year period:

Instructions
(a) Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2017 and 2016.
(b) Based on this information, does the company's liquidity appear to be improving or deteriorating?

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Ending inventory Sales Cost of goods sold Profit 2017 20,000 125,000 50,000 30,000 2016 30,000 128,000 51,200 42,000 2015 34,000 115,000 46,000 40,000