The following information is available for Novak Corp. for three recent fiscal years.

Inventory $543,233(2017) $561,700 (2016) $331,527(2015)

Net sales 1,925,273(2017) 1,730,9501(2016) 1,294,584(2015)

Cost of goods sold 1,561,331(2017) 1,313,488(2016) 964,483(2015)

Calculate the inventory turnover, days in inventory, and gross profit rate for 2017 and 2016.(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%.)

Inventory Turnover

______times (2017)

______times (2016)

Days in Inventory

___days (2017)

___days (2016)

Gross Profit Rate

___% (2017)

___% (2016)