Answer each question in the space provided. The following information is available for Alissa's Amazing Cookies for three recent years: Sales Cost of goods sold Inventory 2021 $ 520,000 329.000 43,000 2020 $ 495.000 325.900 41,000 2019 $ 475,500 317,340 38,700 The ending inventory at December 31, 2018 was $35,000. Instructions: a) Calculate the inventory tumover, the days sales in inventory, and gross profit margin for Alissa's Amazing Cookies for each of the three years. Show the formulas, but you do NOT need to show your work. Round to one decimal place. (6 marks) b) Comment on the inventory formulas and the gross profit margin. What do the trends mean for the company? il need more than simply they are increasing/decreasing. 12 marks) 2021 2020 2019 Inventory Turnover Formula: Days Sales In Inventory Formula: Gross Profit Margin Formula: Comments