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Page is a West Coast company with more than 400 drug stores. Financial information for fiscal 2020 and 2019 follows: in thousands) Fiscal 2020 Fiscal
Page is a West Coast company with more than 400 drug stores. Financial information for fiscal 2020 and 2019 follows: in thousands) Fiscal 2020 Fiscal 2019 Sales $5,178,200 $4,782.900 3,745,400 3,362,800 Cost of merchandise sold Merchandise inventory 477,080 473,800 (a) Your answer is correct Compute the gross margin percentage for both years. (Round answers to 1 decimal place.es: 10,6%) 2020 2019 Gross margin percentage 27.7 % 29.7 % e Textbook and Media Attempts: 1 of 3 used (c) Your answer is incorrect Compute inventory turnover and days' sales in inventory for both years. (Round answers to 2 decimal place, es. 10.62) 2020 2019 Inventory turnover times times Days' sales in inventory days days
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