Splish Brothers Merchants reported the following on its income statement for the fiscal year ended December 31, 2021 and 2020.

		2021			2020
Sales		$496,060			$475,390
Cost of goods sold
Beginning inventory		146,480			154,124
Net purchases		345,990			322,960
Ending inventory		(138,774)			(146,480)
Cost of goods sold		353,696			330,604
Gross profit		142,364			144,786
Operating expenses		87,568			89,168
Profit		$54,796			$55,618

Calculate the inventory turnover ratio for Splish Brothers for 2021 and 2020. (Round answers to 2 decimal places, e.g. 52.75.)

		2021			2020
Inventory turnover			times			times

Calculate the days sales in inventory for Splish Brothers for 2021 and 2020. (Round answers to 0 decimal places, e.g. 5,275 and use 365 days for calculation.)

		2021			2020
Days sales in inventory			days			days

Calculate the gross profit margin for Splish Brothers for 2021 and 2020. (Round answers to 1 decimal place, e.g. 52.7%.)

		2021		2020
Gross profit margin		%		%

Calculate the profit margin for Splish Brothers for 2021 and 2020. (Round answers to 1 decimal place, e.g. 52.7%.)

		2021		2020
Profit margin		%		%

For each ratio calculated in (a), (b), (c) and (d) above, identify if the ratio has improved or deteriorated from 2020 to 2021.

Inventory turnover		DeterioratedImproved
Days sales in inventory		DeterioratedImproved
Gross profit margin		ImprovedDeteriorated
Profit margin		ImprovedDeteriorated