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Corp. for three recent fiscal years. 2017 2016 2015 Inventory Net sales $553,122 $570,703 $332,587 1,968,924 1,728,320 1,314,508 Cost of goods sold 1,581,763 1.262,622 935,219
Corp. for three recent fiscal years. 2017 2016 2015 Inventory Net sales $553,122 $570,703 $332,587 1,968,924 1,728,320 1,314,508 Cost of goods sold 1,581,763 1.262,622 935,219 Calculate the inventory turnover, days in inventory, and gross profit rate for 2017 and 2016. (Round Inventory turnover to 1 decimal place, e.g. 2, days In Inventory to O decimal places, eg. 125 and gross profit rate to 1 decimal place, e.g. 5.2%) Inventory Turnover Days in Inventory Gross Profit Rate 2017 times days 2016 times days
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