Exercise 6-12 Your answer is partially correct. Try agairn The following information is available for Sandhill Co. for three recent fiscal years 2017 2016 2015 Inventory $562,019 $571,288$327,592 Net sales 1,955,632 1,697,750 1,304,721 Cost of goods sold 1,522,434 1,280,731 939,086 Calculate the inventory turnover, days in inventory, and gross profit rate for 2017 and 2016. (Round inventory turnover to 1 decimal place, e.g. 5.2, days in inventory to 0 decimal places, e.g. 125 and gross profit rate to 1 decimal place, e.g 5.2%.) 2017 2016 Inventory Turnover 2.7 times 2.8 times Days in Inventory 135 days 130 days Gross Profit Rate 25.611 % Click if you would like to Show Work for this