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Sunland Company reported the following information for a three-year period: 2021 2020 2019 Ending inventory $21,000 $30,000 $35,000 Sales 123,000 127,000 115,000 Cost of goods

Sunland Company reported the following information for a three-year period:

202120202019

Ending inventory

$21,000$30,000$35,000

Sales

123,000127,000115,000

Cost of goods sold

55,35057,15051,750

Profit

25,00042,00039,000

Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2021 and 2020. (Round number of days answers to 0 decimal places, e.g. 52. Round other answers to 2 decimal places, e.g. 52.75. Use 365 days for calculation.)

20212020

Inventory turnover

enter Inventory turnover in times rounded to 2 decimal placestimesenter Inventory turnover in times rounded to 2 decimal placestimes

Days sales in inventory

enter a number of days rounded to 0 decimal placesdaysenter a number of days rounded to 0 decimal placesdays

Gross profit margin

enter percentages rounded to 2 decimal places%enter percentages rounded to 2 decimal places%

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