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Question 5 View Policies Show Attempt History Current Attempt in Progress - Your answer is partially correct. The following information is available for Riverbed Corp
Question 5 View Policies Show Attempt History Current Attempt in Progress - Your answer is partially correct. The following information is available for Riverbed Corp for three recent fiscal years. 2022 2021 2020 Inventory $555,000 $564,000 $340,000 Net sales 1,865,000 1,800,000 1,345,000 1,454,700 1,220,400 951,000 Cost of goods sold Calculate the inventory turnover, days in inventory, and gross profit rate for 2022 and 2021. (Round inve place, e.g. 5.2%.) 2022 2021 Inventory Turnover 2.6 times 2.7 times Days in Inventory 140 days 135 days Gross Profit Rate 22 29.4 %
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