Ch 6: End-of-Chapter Practice Question 11 of 14 < > Cullumber Company reported the following information for a three-year period: 2021 2020 2019 Ending inventory $22,000 $28,000 $35,000 Sales 120,000 122,000 116,000 Cost of goods sold 51,600 52,460 49,880 Profit 30,000 41,000 38,000 -9657-82cd1b6/b983#/question/10 -/1 : Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2021 and 2020. (Round number of days answers to O decimal places, e.g. 52. Round other answers to 2 decimal places, e.g. 52.75. Use 365 days for calculation.) 2021 2020 Week Week9 Star... Gurneetsin... Week11 Volkswagen... diljeetsingh... Form1.Desi... FAH-7299 (1)gurneets... gulform Ch12 Copy of Ea Sports Crick... Communica... homedesign Tamana Resume 1, GurneetSing... End-of-Chapter Practice Question 11 of 14 < > 2021 Inventory turnover Days sales in inventory Gross profit margin eTextbook and Media times days 2020 times days % % Based on this information, does the company's liquidity appear to be improving or deteriorating? The company's liquidity appears to be -/1 E P C ek Week9 Star... Gurneetsin... Week11 erCo... Volkswagen... diljeetsingh... Form1.Desi... FAH-7299 (1)gurneets... gulform Copy of Ea Sports Crick... Communica... Ch12 homedesign Tamana Resume 1, GurneetSing... d-of-Chapter Practice < > Question 11 of 14 eTextbook and Media Based on this information, does the company's liquidity appear to be improving or deteriorating? The company's liquidity appears to be eTextbook and Media Save for Later -/1 : Attempts: unlimited Submit Answer W P nment3 Week 6 StarterCo... Week9 Star... Gurneetsin... Week11 Volkswagen... diljeetsingh... Form1.Desi... FAH-7299 (1)gurneets... gulform Ch12 Copy of Ea Sports Crick... Communica... homedesign W Tamana Resume 1, GurneetSing... EN