Question 2 of 2 4.95 2021 Inventory Net sales Cost of goods sold 2022 $565,000 1,895,000 1,421,250 $572,000 1,784,000 1,159,600 2020 $320,000 1,360,000 930,000 (a) Calculate the inventory turnover, days in inventory, and gross profit rate for 2022 and 2021. (Round inventory turnover to 1 place, e.g. 5.2, days in inventory to 0 decimal places, e.g. 125 and gross profit rate to 1 decimal place, eg. 5.2%.) 2022 2021 Inventory Turnover 2.9 times 2.4 times Days in Inventory 126 days 152 days Gross Profit Rate 0.3 % 0.4 % e Textbook and Media Assistanc e Textbook 1