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can you show the work for the answer please? NMENT RCES Graded Chapter Exercise 6-12 a The following information is available for Sarasota Corp. for
can you show the work for the answer please?
NMENT RCES Graded Chapter Exercise 6-12 a The following information is available for Sarasota Corp. for three recent fiscal years. F Exercise 6-07 f Exercise 6-08 -f Exercise 6-11 It! Review 6-03a rcise 6-12 a rcise 6-13 al-b Inventory Net sales Cost of goods sold 2022 $560,000 1,890,000 1,530,900 2021 $574,000 1,800,000 1,272,600 2020 $335,000 1,330,000 940,000 (a) V Score Results by Objective Calculate the inventory turnover, days in inventory, and gross profit rate for 2022 and 2021. (Round inventory turnover to 1 de decimal places, e.g. 125 and gross profit rate to 1 decimal place, e.g. 5.2%.) 2022 2021 Inventory Turnover times times Days in Inventory days days Gross Profit Rate Click if you would like to Show Work for this question: Open Show Work Question Attempts Type here to search O L OW - 9Step by Step Solution
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