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there are some further steps as well plz complete all Question 23 Sage Hill Merchants reported the following on its income statement for the fiscal

there are some further steps as well plz complete all image text in transcribed
Question 23 Sage Hill Merchants reported the following on its income statement for the fiscal year ended December 31, 2021 and 2020. 2021 2020 Sales $496,060 $475,790 Cost of goods sold Beginning inventory 146,380 154,124 Net purchases 345,790 322,560 Ending inventory (139,174) (146,380) Cost of goods sold 352,996 330,304 Gross profit 143,064 145,486 Operating expenses 87,568 89,168 Profit $55,496 $56,318 Calculate the inventory turnover ratio for Sage Hill for 2021 and 2020. (Round answers to decimal places, e.g. 52.75.) 2021 2020 Inventory turnover times times Calculate the days sales in inventory for Sage Hill for 2021 and 2020. (Round answers to decimal places, e.g. 5,275 and use 365 days for calculation.) 2021 2020 Days sales in inventory days days udy Calculate the gross profit margin for Sage Hill for 2621 and 2020. (Round answers to I decimal place, c.9. 52.79.) 2021 2020 Gross profit margin Calculate the profit margin for Sage Hill for 2021 and 2020. (Round answers to I decimal place, e.g. 52.7%.)

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