E612 Dartmouth Games reported the following information for a three-year period: 2014 2013 2012 rofit Ending inventory $ 20,000 $ 30,000 $ 34,000 Sales 125,000 128,000 115,000 Cost of goods sold 50,000 51,200 46,000 Profit 30,000 42,000 40,000 Instructions (a) Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2014 and 2013. (Hint: In calculating inventory, remember to use the average of the ending inventory balance for the current and the previous year.) (b) Based on this information, does the company's liquidity appear to be improving or deteriorating? nd *E6-13 Lombart Company uses a periodic inuentorum