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5 Marks, 8 Minutes The following information was available for Free For All Limited at December 31, 2020 Beginning inventory... $ 220,000 Ending inventory....... 260,000

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5 Marks, 8 Minutes The following information was available for Free For All Limited at December 31, 2020 Beginning inventory... $ 220,000 Ending inventory....... 260,000 Cost of goods sold... 1,680,000 Net Sales..... 2,800,000 Calculate the inventory turnover and days in inventory ratios for Free For All. Show your work

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