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part B please Question 7 This information is available for Ivanhoe Photo Ltd. for 2015, 2016, and 2017. 2015 2016 Beginning inventory Ending inventory Cost

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Question 7 This information is available for Ivanhoe Photo Ltd. for 2015, 2016, and 2017. 2015 2016 Beginning inventory Ending inventory Cost of goods sold Sales revenue 118,660 317,670 917,000 1,206,700 317,670 413,920 1,117,000 1,595,020 2017 413,920 474,360 1,083,000 1,891,820 (a) Your answer is correct. Calculate inventory turnover for Ivanhoe Photo Ltd. for 2015, 2016, and 2017. (Round answers to 2 decimal places, e.g. 0.10.) 2015 2016 2017 Inventory turnover ratio 4.20 3.05 2.44 By accessing this question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 1 of 3 used % Earn Maximum Points available only if you answer this question correctly in two attempts or less. (b) Calculate days in inventory for Ivanhoe Photo Ltd. for 2015, 2016, and 2017. (Round answers to 1 decimal place, e.g. 1.5.) 2015 2016 2017 Days in inventory days days days By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 0 of 3 used

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