Delroi, Inc. provided the following data for 2013 and 2014: Inventory December 31, 2012 $ 202,400 December 31, 2013 190,400 December 31, 2014 182,500 Cost of goods sold 2013 $ 642,000 2014 724,000 Gross margin 2013 $ 340,000 2014 410,000 Round all calculations to two decimal places.

(a) Calculate the inventory turnover ratio for 2013 and 2014.

2013 ______times

2014 _____times

(b) Calculate the gross margin return on inventory investment for 2013 and 2014.

2013

2014