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Ending inventory $29.000 $34,000 $22,000 134,000 Sales 137,000 113,000 65,660 67,130 55.370 Cost of goods sold Profit 32,000 43,000 41,000 Calculate the inventory turnover, days
Ending inventory $29.000 $34,000 $22,000 134,000 Sales 137,000 113,000 65,660 67,130 55.370 Cost of goods sold Profit 32,000 43,000 41,000 Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2021 and 2020. (Round number of days answers to decimal places, eg. 52. Round other answers to 2 decimal places, e.g. 52.75. Use 365 days for calculation) 2021 2020 Inventory turnover times times Days sales in inventory days days Gross profit margin
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