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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): 2021 2020 2019
The following information is available for Gildan Activewear Inc., headquartered in Montreal, for three recent fiscal years (in U.S. $ thousands): 2021 2020 2019 Inventory $744,358 $727,992 $1,052,052 Sales 2,922,570 1,981,276 2,823,901 Cost of goods sold 1,982,361 1,732,217 2,119,440 (a) Calculate the inventory turnover, days in inventory, and gross profit margin for 2021 and 2020. (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.) 2021 2020 Inventory Turnover times times Days In Inventory Gross Profit Margin days % days %
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