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This information is available for Bramble Inc. for 2021 and 2022. (in millions) 2021 2022 Beginning inventory $2,057 $2,499 Ending inventory 2,499 2.742 Cost
This information is available for Bramble Inc. for 2021 and 2022. (in millions) 2021 2022 Beginning inventory $2,057 $2,499 Ending inventory 2,499 2.742 Cost of goods sold Sales 24,439 23,298 43,422 43.184 Calculate the inventory turnover, days in inventory, and gross profit rate for Bramble Inc. for 2021 and 2022. (Round gross profit rate to 2 decimal places, eg. 0.25 and all other answers to 1 decimal place, eg. 15.2. Use 365 days for calculation) 2021 Inventory turnover ratio Days in inventory Gross profit rate eTextbook and Media times days 2022 times days
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