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Calculate inventory turnover, days in inventory, and gross profit rate. The following information is available for Zoe's Activewear Inc. for three recent fiscal years. 2022
Calculate inventory turnover, days in inventory, and gross profit rate. The following information is available for Zoe's Activewear Inc. for three recent fiscal years.
2022 2021 2020 Inventory (12/31) $ 553,000 $ 568,000 $ 332,000 Net sales 1,948,000 1,725,000 1,311,000 Cost of goods sold 1,552,000 1,288,000 947,000Step by Step Solution
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