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The following information is available for Crane's Activewear Inc. for three recent fiscal years. (a) Calculate the inventory turnover, days in inventory, and gross profit
The following information is available for Crane's Activewear Inc. for three recent fiscal years. (a) Calculate the inventory turnover, days in inventory, and gross profit rate for 2025 and 2024. (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\%.)
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