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The following information is available for Sandhill's Activewear Inc. for three recent fiscal years. 2027 2026 2025 Inventory (12/31) $541,940 $556,640 $325,360 Net Sales 1,909,040

The following information is available for Sandhill's Activewear Inc. for three recent fiscal years.

2027 2026 2025
Inventory (12/31) $541,940 $556,640 $325,360
Net Sales 1,909,040 1,690,500 1,284,780
Cost of Goods Sold 1,520,960 1,262,240 928,060

(a) Calculate the inventory turnover, days in inventory, and gross profit rate for 2027 and 2026. (Round inventory turnover and gross profit rate answers to 1 decimal place, e.g. 52.7 and other answers to 0 decimal places, e.g. 125. Use 365 days for calculation.)

2027 2026
Inventory Turnover ___ times ___ times
Days in Inventory ___ days ___ days
Gross Profit Rate ___ % ___ %
image text in transcribed The following information is available for Sandhill's Activewear Inc. for three recent fiscal years. (a) Calculate the inventory turnover, days in inventory, and gross profit rate for 2027 and 2026. (Round inventory turnover and gross profit rate answers to 1 decimal place, e.g. 52.7 and other answers to 0 decimal places, e.g. 125. Use 365 days for calculation.)

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