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The following information is available for Pharoah's Activewear Inc. for three recent fiscal years. 2025 2024 2023 Inventory $540,000 $572,000 $315,000 Net sales 1,946,000

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The following information is available for Pharoah's Activewear Inc. for three recent fiscal years. 2025 2024 2023 Inventory $540,000 $572,000 $315,000 Net sales 1,946,000 1,774,000 1,340,000 Cost of goods sold 1,167,600 975,700 955,000 (a) Calculate the inventory turnover, days in inventory, and gross profit rate for 2025 and 2024. (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%.) Inventory turnover Days in inventory Gross profit rate 2025 times days 2024 times days %

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