Fiscal 2020 Fiscal 2019 Fiscal 2018

Inventory 391,497 419,445 402,207

Sales 1,346,758 1,331,009 1,263,955

Gross margin 483,519 478,401 451,592

Net income 29,325 47,451 35,217

Instructions 10 marks

a.Calculate Sundercock's (1) inventory turnover and (2) average days to sell inventory for each of the two years ended in 2020 and 2019. Round inventory turnover to two decimal places and average days to the nearest day.

b.Calculate Sundercock's gross profit percentage and percentage markup on cost for each fiscal year. Round your answers to two decimal places (for example, 52.75%).