Solomon Corporation reported the following operating results for two consecutive years:

Required

Compute the percentage changes in Solomon Corporations income statement components between the two years. (Negative amounts should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).)

SOLOMON CORPORATION
Income Statements
	2018	2017	Percentage Change
Sales	$1,295,000	$1,002,500		%
Cost of goods sold	796,425	601,500
Gross margin	498,575	401,000
Operating expenses	304,500	198,000
Income before taxes	194,075	203,000
Income taxes	61,400	52,800
Net income (loss)	$132,675	$150,200		%

Zachary Company reported the following operating results for two consecutive years:

Required

Compute each income statement component for each of the two years as a percent of sales. (Percentages may not add exactly due to rounding. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).)

ZACHARY COMPANY
Vertical Analysis of Income Statements
	2019	Percentage of Sales		2018	Percentage of Sales
Sales	$1,002,000		%	$1,077,000		%
Cost of goods sold	551,100			598,400
Gross margin on sales	450,900			478,600
Operating expenses	129,800			148,400
Income before taxes	321,100			330,200
Income taxes	80,500			80,600
Net income	$240,600		%	$249,600		%

Selected financial information for Rundle Company for 2019 follows

Sales	$	1,650,000
Cost of goods sold		1,155,000
Merchandise inventory
Beginning of year		160,000
End of year		197,000

Required

Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during 2019? (Round your answer to 2 decimal places.)

Merchandise inventory turnover

times