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Question 10 This information is available for Metlock Photo Ltd. for 2015, 2016, and 2017. Beginning inventory Ending inventory Cost of goods sold Sales revenue
Question 10 This information is available for Metlock Photo Ltd. for 2015, 2016, and 2017. Beginning inventory Ending inventory Cost of goods sold Sales revenue 2015 112,100 310,700 917,000 1,193,950 2016 310,700 419,920 1,120,000 1,594,490 2017 419,920 479,240 1,003,000 1,894,480 Calculate inventory turnover for Metlock 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 Metlock 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 Metlock Photo Ltd. for 2015, 2016, and 2017. (Round answers to 0 decimal places, e.g. 10%.) 2015 2016 2017 Gross profit rate %
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