Question 10 This information is available for Culver Photo Ltd. for 2015, 2016, and 2017. Beginning inventory Ending inventory Cost of goods sold Sales revenue 2015 116,720 311,480 883,000 1,209,370 2016 311,480 418,120 1,117,000 1,590,210 2017 418,120 471,180 1,127,000 1,904,730 Calculate inventory turnover for Culver Photo Ltd. for 2015, 2016, and 2017. (Round answers to 2 decimal places, e.g. 0.10.) 2015 2016 2017 Inventory turnover ratio Calculate days in inventory for Culver 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 Calculate gross profit rate for Culver Photo Ltd. for 2015, 2016, and 2017. (Round answers to 0 decimal places, e.g. 10%.) 2015 2016 2017 Gross profit rate % % %