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E8.24 (LO 10) (Analysis of Inventories) The financial statements of Trifolium Corporation for fiscal 2021 to fiscal 2023 are as follows (in thousands): Instructions a.
E8.24 (LO 10) (Analysis of Inventories) The financial statements of Trifolium Corporation for fiscal 2021 to fiscal 2023 are as follows (in thousands): Instructions a. Calculate Trifolium's (1) inventory turnover and (2) average days to sell inventory for each of the two year: ended in 2023 and 2022. Round inventory turnover to two decimal places and average days to the nearest day. b. Calculate Trifolium's gross profit percentage and percentage markup on cost for each fiscal year. Round your answers to two decimal places (for example, 52.75% ). c. Is the growth in inventory levels over the last year consistent with the increase in sales? Explain your
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