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The following information is available for Martinez Corp. for three recent fiscal years. Inventory 2022 2021 2020 $570,000 $582,000 $300,000 2,000,000 1,764,000 1,315,000 1,440,000 1,146,600

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The following information is available for Martinez Corp. for three recent fiscal years. Inventory 2022 2021 2020 $570,000 $582,000 $300,000 2,000,000 1,764,000 1,315,000 1,440,000 1,146,600 953,000 Net sales Cost of goods sold Calculate the inventory turnover, days in inventory, and gross profit rate for 2022 and 2021. (Round inventory turnover to 1 decimal places: 5.2 days in Inventory to 0 decimal places, e.. 125 and gross proftrate to 1 decimal place, es. 5.2%) 2022 2021 Inventory Turnover times times Days in Inventory days days Gross Profit Rate

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