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This information is available for Ayayai Inc. for 2021 and 2022. (in millions) 2021 2022 Beginning inventory $2,366 $2,582 Ending inventory 2,582 2,975 Cost of
This information is available for Ayayai Inc. for 2021 and 2022. (in millions) 2021 2022 Beginning inventory $2,366 $2,582 Ending inventory 2,582 2,975 Cost of goods sold 24,642 23,463 Sales 43,394 42,866 Calculate the inventory turnover, days in inventory, and gross profit rate for Ayayai Inc. for 2021 and 2022. (Round gross profit rate to 2 decimal places, e.g. 0.25 and all other answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.) 2021 Inventory turnover ratio Days in inventory Gross profit rate times days 2022 times days
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