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and 2022 The following information is available for Harris's Bottling Company, Inc. for the most recent three years: (in millions) Inventory Cost of goods sold
and 2022
The following information is available for Harris's Bottling Company, Inc. for the most recent three years: (in millions) Inventory Cost of goods sold Sales 2020 $1,541 11,001 29,196 2021 $1,706 14,258 32,312 2022 $1,923 17,701 35,211 Inventory at the end of 2019 was $1,415. Calculate the inventory turnover ratio, days in inventory, and gross profit margin for 2020, 2021, and 2022. (Round inventory turnover ratio and gross profit margin answers to 1 decimal place, e.g. 15.2 and round Inventory days to the nearest day, e.g 15 days.) 2020 2021 Inventory turnover times times Days in inventory days days Gross profit margin % %Step by Step Solution
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