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The following information is available for Gildan Activewear Inc., headquartered in Montreal, for three recent fiscal years (in U.S. $ thousands): 2018 2017 2016 Inventory
The following information is available for Gildan Activewear Inc., headquartered in Montreal, for three recent fiscal years (in U.S. $ thousands):
2018 | 2017 | 2016 | |||||
---|---|---|---|---|---|---|---|
Inventory | $ 940,029 | $ 945,738 | $ 954,876 | ||||
Sales | 2,908,565 | 2,750,816 | 2,585,070 | ||||
Cost of goods sold | 2,102,612 | 1,949,597 | 1,865,367 |
(a)
Calculate the inventory turnover, days in inventory, and gross profit margin for 2018 and 2017. (Round inventory turnover and gross profit margin to 1 decimal place, e.g. 15.2 or 15.2%. Round days in inventory to nearest day. Use 365 days for calculation.)
Inventory Turnover | Days In Inventory | Gross Profit Margin | |||||
---|---|---|---|---|---|---|---|
2018 | enter number of times rounded to 1 decimal place times | enter days rounded to 0 decimal places days | enter percentages rounded to 1 decimal place % | ||||
2017 | enter number of times rounded to 1 decimal place times | enter days rounded to 0 decimal places days | enter percentages rounded to 1 decimal place % |
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