Question
The following information is available for Zoe's Activewear Inc. for three recent fiscal years. Inventory Net sales Cost of goods sold 2025 $553,000 1,948.000 1,552,000
The following information is available for Zoe's Activewear Inc. for three recent fiscal years. Inventory Net sales Cost of goods sold 2025 $553,000 1,948.000 1,552,000 2024 $568,000 1.725,000 1,288,000 2023 $332,000 1,311,000 947,000 (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, eg. 125 and gross profit rate to 1 decimal place, e.g. 5,2%) 2025 2024 Inventory Turnover times times Days in Inventory days days Gross Profit Rate %
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