This information is available for Sepia Photo Corporation for 2012, 2013, and 2014.

2012 2013 2014 Beginning inventory $ 100,000 $ 330,000 $ 400,000 Ending inventory 330,000 400,000 480,000 Cost of goods sold 900,000 1,120,000 1,300,000 Sales revenue 1,200,000 1,600,000 1,900,000 Instructions Calculate inventory turnover, days in inventory, and gross profit rate (from Chapter 5) for Sepia's Photo Corporation for 2012, 2013, and 2014. Comment on any trends.