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The financial statements of Marigold Corporation for fiscal 2018 to fiscal 2020 are as follows (in thousands): Calculate Marigold's (1) inventory turnover and (2) average
The financial statements of Marigold Corporation for fiscal 2018 to fiscal 2020 are as follows (in thousands): Calculate Marigold'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.) Calculate Marigold's gross profit percentage and percentage markup on cost for each fiscal year. (Round answers to 2 decimal places, e.g. 52.75.)
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