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Exercise 6-14 a1-a3 This information is available for Concord's Photo Corporation for 2018, 2019, and 2020 2018 2019 2020 Beginning inventory $118,000 $ 310,000 $419,000
Exercise 6-14 a1-a3 This information is available for Concord's Photo Corporation for 2018, 2019, and 2020 2018 2019 2020 Beginning inventory $118,000 $ 310,000 $419,000 310,000 Ending inventory Cost of goods sold Sales revenue 419,000 890,000 1,110,000 1,290,000 1,190,000 1,600,000 1,900,000 478,000 Calculate inventory turnover for Concord's Photo Corporation for 2018, 2019, and 2020. (Round answers to 2 decimal places, e.g. 1.52.) 2018 2019 2020 Inventory turnover LINK TO TEXT Calculate days in inventory for Concord's Photo Corporation for 2018, 2019, and 2020. (Round answers to 1 decimal place, e.g. 1.5. Use 365 days for calculation.) 2018 2019 2020 days days days Days in inventory LINK TO TEXT Calculate gross profit rate for Concord's Photo Corporation for 2018, 2019, and 2020. (Round answers to O decimal places, e.g. 125%.) 2019 2018 2020 Gross profit rate LINK TO TEXT
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