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The financial statements of Bridgeport Corporation for fiscal 2018 to fiscal 2020 are as follows (in thousands): Inventory Sales Gross margin Net income Fiscal 2020
The financial statements of Bridgeport Corporation for fiscal 2018 to fiscal 2020 are as follows (in thousands): Inventory Sales Gross margin Net income Fiscal 2020 $304,200 1,365,000 485,000 31,800 Fiscal 2019 $319,600 1,348,000 479,000 50,800 Fiscal 2018 $303,300 1,283,300 453,800 37,800 (a) Calculate Bridgeport'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 2020 Fiscal 2019 (1) times per year ti Inventory Turnover Ratio Average days to sell inventory (2) days d
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