The following information is available for Teal Mountain Inc. for three recent fiscal years. Inventory Net sales Cost of goods sold (a) Inventory Turnover Days in Inventory 2022 Gross Profit Rate $550,000 $560,000 1,900,000 1,760,000 1,054,500 2021 2022 880,000 Calculate the inventory turnover, days in inventory, and gross profit rate for 2022 and 2021. (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%.) 2020 $320,000 1,310,000 930,000 times % days 2021 times days %

The following information is available for Teal Mountain Inc. for three recent fiscalyears. (a) Calculate the inventory turnover, days in inventory, and gross profit rate for 2022 and 2021 . (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%