Question 7 of 7 -/18 The financial statements of Flounder Corporation for fiscal 2018 to fiscal 2020 are as follows (in thousands): Fiscal 2020 Fiscal 2019 Fiscal 2018 Inventory Sales $308,700 $319,700 $303,900 1,350,000 I 1,331,900 I 1,268,900 486,000 480,200 I 454,600 Gross margin Net income 30,400 48,600 1 36,300 Part 1 Calculate Flounder's (1) inventory turnover and (2) average days to sell inventory for each of the two years ending in 2020 and 2019. (Round inventory turnover ratio to 2 decimal places, e.g. 52.75 and average days to 0 decimal places, eg. 527. Use 365 days for calculation.) Cal01 Question 7 of 7 -/1 5 Part 1 Calculate Flounder's (1) inventory turnover and (2) average days to sell inventory for each of the two years ending in 2020 and 2019. (Round inventory turnover ratio to 2 decimal places, e.g. 52.75 and average days to 0 decimal places, e.g. 527. Use 365 days for calculation.) Fiscal 2019 Fiscal 2020 times per year (1) Inventory Turnover Ratio C days (2) Average days to sell inventory e Textbook and Media Submit Answer Attempts: 0 of 3 used Save for Later Part 2 -/1 E Question 7 of 7