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Inventory Kati Clculations sachez LTD. provided the following data for 2016 and 2017: Inventory December 31, 2015 December 31, 2016 December 31, 2017 $352,000 555,000

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Inventory Kati Clculations sachez LTD. provided the following data for 2016 and 2017: Inventory December 31, 2015 December 31, 2016 December 31, 2017 $352,000 555,000 8 8 Cost of goods sold .. $1,172,000 . .. 1,258,000 2017 Gross margin 2016 0 2017 .. . 574,000 Required (round all calculations to two decimal places) a. Calculate the inventory turnover ratio for 2016 and 2017. b. Calculate the gross margin return on inventory investment for 2016 and 2017

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