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Carla Vista Co. reported the following information for a three-year period: Ending inventory Sales Cost of goods sold Profit 2021 $20.000 135.000 52,650 35,000 2020
Carla Vista Co. reported the following information for a three-year period: Ending inventory Sales Cost of goods sold Profit 2021 $20.000 135.000 52,650 35,000 2020 $32,000 140,000 54,600 40.000 2019 $34,000 111,000 43,290 44,000 Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2021 and 2020. (Round number of days answers to 0 decimal places, e.g. 52. Round other answers to 2 decimal places, e.g. 52.75. Use 365 days for calculation.) 2021 2020 Inventory turnover times times Days sales in inventory days days Gross profit margin % % Based on this information, does the company's liquidity appear to be improving or deteriorating? The company's liquidity appears to be
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