- 6 Question 9 of 10 -/1 View Policies Current Attempt in Progress The following information is available for Gildan Activewear Inc., headquartered in Montreal, for three recent fiscal years (in U.S. $ thousands): Inventory Sales Cost of goods sold 2018 $ 940,029 2,908,565 2,102,612 2017 $945,738 2,750,816 1,949,597 2016 $ 954,876 2,585,070 1,865,367 (a) Calculate the inventory turnover, days in inventory, and gross profit margin for 2018 and 2017. (Round inventory turnover and gross profit margin to 1 decimal place, e.g. 15.2 or 15.2%. Round days in inventory to nearest day. Use 365 days for calculation.) Inventory Turnover Days In Inventory Gross Profit Margin Question 9 of 10 -11 (a) Calculate the inventory turnover, days in inventory, and gross profit margin for 2018 and 2017. (Round inventory turnover and gross profit margin to 1 decimal place, e.g. 15.2 or 15.2%. Round days in inventory to nearest day. Use 365 days for calculation.) Inventory Turnover Days In Inventory Gross Profit Margin 2018 times days % 2017 times days e Textbook and Media Save for later Attempts: 0 of 1 used Submit Answer (b)