Question #1 Demonstrate the presentation and analysis of inventory. (6 marks)

The following information is available for Dahlias Deli for three recent years:

	2022	2021	2020
Sales	$ 500,000	$ 490,000	$ 465,500
Cost of goods sold	325,000	323,400	316,540
Inventory	42,000	40,000	37,800

The ending inventory at December 31, 2019 was $ 36,000.

Required:

Calculate the inventory turnover, the days sales in inventory, and gross profit margin for Dalhias Deli for each of the three years, and comment on any trends.