The following financial information is for Alpha Corporation are for the fiscal years ending 2017 & 2016 (all balances are normal):

Item/Account 2017 2016

Accounts Receivable $9,800 $9,400

Inventory $30,000 $16,000

Net Sales (all credit) $85,000 $71,000

Cost of Goods Sold $62,000 $52,000

Net Income $7,200 $6,900

Use this information to determine for FY 2017: (Round & enter your answers to one decimal place and enter the value.)

1. the inventory turnover ratio

2. number of days of inventory

3. Gross Profit Margin

4. Profit Margin