PLUS sandal Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Klesa, Tranholm, Irvine, and Burnley PRINTER VERSION BACK NEXT OURCES Inventory $851,033 $779,407 $595,794 Net sales 2,959,238 2,359,994 2,284,303 Cost of goods sold 2,229,130 1,701,311 1,550,266 (a) Your answer is correct. Calculate the inventory turnover, days in inventory, and gross profit margin for 2016 and 2015. (Round inventory turnover and gross profit margin to I decimal place, s. 15.2. Round days in inventory to nearest day. Use 365 days for calculation) Inventory Turnover Days In Inventory Gross Profit margin 2016 2. Jays 24.7 by Study 135 2015 146 days 27.91 himes SHOW SOLUTION LINE TO TEET Attempts: 2 of 3 used Based on the ratios calculated in part (a), did Gidan's liquidity and profitability improve or deteriorate in 2016? Liquidity is Profitability is . LINK TO TEXT