Inventory Ratio Calculations Delroi, Inc. provided the following data for 2008 and 2009: Inventory December 31, 2007 $200,000 December 31, 2008 190,500 December 31, 2009 182,000 Cost of goods sold 2008 2009 Gross margin 2008 2009 2009 0 Round all calculations to two decimal places. (a) Calculate the inventory turnover ratio for 2008 and 2009. 2008 0 * times x times $664,000 728,000 2009 0 $330,000 450,000 (b) Calculate the gross margin return on inventory investment for 2008 and 2009. 2008 0 X