Please see below. Need answers for questions marked with red X

3 Not ete Inventory Ratio Calculations 1.80 of 3.00 Rag Delroi, Inc. proded the following data for 2008 and 2009: 31. 31. Cost of 2007 5199400 2008' 191,300 2008 183300 S saeooo 7 osmo 5320000 Round all calculations to two decimal places. (a) Calculate the inventory turnover ratio for 2008 and 2009. 2008 3.32 times times (b) Calculate the gross margin return on inventory investment for 2008 and 2009. 2008 0 2009 246 x (c) The fact that Delroi's inventory levels have fallen over the past two years, while gross margin has increased, is an indication that Delroi is becoming more lean in its operations. True