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The following information is available for Indigo Corporation for three recent fiscal years. Inventory Net sales Cost of goods sold 2022 $554,000 1,860,000 1,450,800 2021

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The following information is available for Indigo Corporation for three recent fiscal years. Inventory Net sales Cost of goods sold 2022 $554,000 1,860,000 1,450,800 2021 $562,000 1,744,000 1,220,800 2020 $310,000 1,330,000 940,000 (a) 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 o 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 udy days days Gross Profit Rate

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