Crane Enterprises reported the following information for 2014: Beginning inventory $33,280 Cost of goods sold 420,160 Ending inventory 46,800 Net income 25,740 Net sales 780,000 Operating expenses 228,800 Sales revenue 795,600 Compute each of the following ratios: (Round answers to 1 decimal place, e.g. 52.7. Use 365 days for calculation.) (1) Gross profit rate (2) Inventory turnover (3) Days in inventory (4) Profit margin Save for Later % times days % Attempts: 0 of 1 used Submit