Question 16 This information is available for Groneman, Inc. for 2016 and 2017 (in millions) Beginning inventory $2,290 $2,522 Ending inventory 2,522 2,618 Cost of goods sold 24,351 23,099 Sales 2016 2017 43,251 43,232 decimal ploces e.g. 0.25 and al Calculate the inventory turnover, days in inventory, and gross profit rate for Groneman, Inc. for 2016 and 2017. (Round gross profit rate to 2 other answers to I decimal place, e.g. 15.2.) 2016 2017 times times Inventory turnover ratio Days in inventory Gross profit rate days days