2022		2021		2020
Inventory		$580,000		$590,000		$320,000
Net sales		1,950,000		1,750,000		1,350,000
Cost of goods sold		1,462,500		1,228,500		938,000

(a) Calculate the inventory turnover, days in inventory, and gross profit rate for 2022 and 2021. (Round inventory turnover to 1 decimal place, e.g. 5.2, days in inventory to 0 decimal places, e.g. 125 and gross profit rate to 1 decimal place, e.g. 5.2%.)

		2022			2021
Inventory Turnover		enter an inventory turnover	times		enter an inventory turnover	times
Days in Inventory		enter a number of days	days		enter a number of days	days
Gross Profit Rate		enter percentages	%		enter percentages	%