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Guide Gate, Inc., has the following information for the years ending December 31, 2018, and December 31, 2017 (Click the icon to view the
Guide Gate, Inc., has the following information for the years ending December 31, 2018, and December 31, 2017 (Click the icon to view the data.) Read the requirements Requirement 1. Compute the rate of inventory turnover for Guide Gate, Inc., for the years ended December 31, 2018, and December 31, 2017. Round the result to two decimal places. Begin by selecting the formula and then enter the amounts to calculate the ratio for 2018 and 2017. (Round the rate of inventory turnover to two decimal places, XXX) Rate of inventory turnover 2018 2017 Requirement 2. Compute the days-sales-in-inventory for Guide Gate, Inc., for the years ended December 31, 2018, and December 31, 2017 Begin by selecting the formula and then enter the amounts to compute the ratio for 2018 and 2017. (Do not round any intermediary computations, but then round the days-sales-in-inventory to the nearest whole number, X.) 2018 10 )= Days-sales-in-inventory }= )= 2017 Requirement 3. What is a likely cause for the change in the rate of inventory turnover from 2017 to 2018? A likely cause for the in the ratio from 2017 to 2018 is the
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