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heridan Company reported the following information for a three-year period: 2021 2020 2019 Ending inventory $19,000 $28,000 $34,000 Sales 139,000 143,000 111,000 Cost of goods

heridan Company reported the following information for a three-year period:

2021 2020 2019

Ending inventory

$19,000 $28,000 $34,000

Sales

139,000 143,000 111,000

Cost of goods sold

59,770 61,490 47,730

Profit

27,000 40,000 42,000

Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2021 and 2020. (Round number of days answers to 0 decimal places, e.g. 52. Round other answers to 2 decimal places, e.g. 52.75. Use 365 days for calculation.)

2021 2020

Inventory turnover

enter Inventory turnover in times rounded to 2 decimal places times enter Inventory turnover in times rounded to 2 decimal places times

Days sales in inventory

enter a number of days rounded to 0 decimal places days enter a number of days rounded to 0 decimal places days

Gross profit margin

enter percentages rounded to 2 decimal places % enter percentages rounded to 2 decimal places %

Based on this information, does the companys liquidity appear to be improving or deteriorating?

The companys liquidity appears to be select an option deterioratingimproving

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