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he following information is available for Barbaras Beverages Company, Inc. for the most recent three years: (in millions) 2018 2019 2020 Inventory $1,664 $1,828 $2,080

he following information is available for Barbaras Beverages Company, Inc. for the most recent three years:

(in millions) 2018 2019 2020
Inventory $1,664 $1,828 $2,080
Cost of goods sold 10,990 14,182 17,629
Sales 31,602 35,167 37,948

Merchandise inventory at the end of 2017 was $1,525. (a) Calculate the inventory turnover ratio, days in inventory, and gross margin for 2018, 2019, and 2020. (Round inventory turnover ratio and days in inventory to 1 decimal place, e.g. 15.5. Use 365 days for calculation.)

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2018 2019 2020 Inventory turnover ratio Days in inventory Gross margin times times times days tlayi; days

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