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The following information is available for Teal Mountain Inc. for three recent fiscal years Inventory Net sales Cost of goods sold 2017 $519.483 1.942,787 1,558,366

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The following information is available for Teal Mountain Inc. for three recent fiscal years Inventory Net sales Cost of goods sold 2017 $519.483 1.942,787 1,558,366 2016 $562,505 1.707.570 1,303,531 2015 $325,863 1,302,374 945,876 Calculate the inventory turnover, days in inventory, and gross profit rate for 2017 and 2016. (Round Inventory turnover to 1 decimal place, es. 5.2 days in inventory to O decimal places, es 125 and grous prope rote to 1 decimal place, es 52%) 2017 2016 Inventory Turnover times times Days in Inventory days days Gross Pront Rate

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