This information is available for Sepia Photos for 2018, 2019, and 2020.

Instructions
Calculate inventory turnover, days in inventory, and gross profit rate for Sepia Photos for 2018, 2019, and 2020. Comment on any trends.

Transcribed Image Text:

2018 £ 100,000 2019 2020 Beginning inventory Ending inventory Cost of goods sold Sales revenue £ 330,000 £ 400,000 330,000 900,000 1,200,000 400,000 1,120,000 480,000 1,300,000 1,900,000 1,600,000