Inventory Ratio Calculations Inventory Ratio Calculations Delroi, Inc. provided the following data for 2008 and 2009: Inventory December 31, 2007 $210,000 December 31, 2008 190,500 December 31, 2009 182,200 Cost of goods sold 2008 $622,000 2009 744,000 Gross margin 2008 $340,000 2009 420,000 Round all calculations to two decimal places. (a) Calculate the inventory turnover ratio for 2008 and 2009. 2008 AnswerIncorrect times 2009AnswerCorrect times (b) Calculate the gross margin return on inventory investment for 2008 and 2009. 2008 AnswerIncorrect 2009 AnswerCorrect