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The following information is available for Blossom Company for three recent fiscal years. 2022 Inventory: $546,000 Net Sales $ 1,890,000 Cost of Goods Sold $

The following information is available for Blossom Company for three recent fiscal years.

2022

Inventory: $546,000

Net Sales $ 1,890,000

Cost of Goods Sold $ 1,493,100

2021

Inventory: $ 560,000

Net Sales: $ 1,700,000

Cost of Goods Sold $ 1,237,600

2020

Inventory: $ 324,000

Net Sales: $1,320,000

Cost of Goods Sold: $950,000

Calculate the inventory turnover, days in inventory, and gross profit rate for 2022 and 2021. (Round inventory turnover to 1 decimal place, e.g. 5.2, days in inventory to 0 decimal places, e.g. 125 and gross profit rate to 1 decimal place, e.g. 5.2%.)

2022 2021

Inventory Turnover ? Times ? Times

Days in Inventory ? Days ? Days

Gross Profit Rate ? % ? %

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