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Ivanhoe Company reported the following information for a three-year period: 2021 2020 2019 Ending inventory $20,000 $29,000 $35,000 Sales 125.000 130,000 112.000 Cost of goods
Ivanhoe Company reported the following information for a three-year period: 2021 2020 2019 Ending inventory $20,000 $29,000 $35,000 Sales 125.000 130,000 112.000 Cost of goods sold 53.750 55,900 48,160 Profit 27.000 42,000 42,000 Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2021 and 2020. (Round number of days answers to O 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 times times Days sales in inventory days days Gross profit margin % % e Textbook and Media Based on this information, does the com pear to be improving or deteriorating? improving deteriorating The company's liquidity appears to be
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