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

Item/Account

2017

2016

Cash

2017 $26,000

2016 $16,000

Accounts Receivable

2017 40,000

2016 50,000

Inventory

2017 30,000

2016 22,000

Current Liabilities

2017 76,000

2016 42,000

Net Sales (all credit)

2017 390,000

2016 360,000

Cost of Goods Sold

2017 260,000

2016 250,000

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