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The following Information is available for Oriole's Activewear Inc. for three recent fiscal years 2025 2024 2023 leventory $580,000 $590,000 $340,000 Net sales 1,950,000 1,740.000
The following Information is available for Oriole's Activewear Inc. for three recent fiscal years 2025 2024 2023 leventory $580,000 $590,000 $340,000 Net sales 1,950,000 1,740.000 1.355,000 Cost of goods sold 1,638,000 1,348,500 930,000 (3) Calculate the inventory turnover,days in inventory, and gross profit rate for 2025 and 2024 (Round inventory turnover to I decimal place, es 5.2 days in inventory to O decimal places, eg 125 and gross profit rate to 1 decimal place, eg 5.2%) Inventory turnover Days in inventory Gross proftrate 2025 times days 2024 times days
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