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This information is available for Concord's Photo Corporation for 2020, 2021, and 2022. 2020 2021 2022 Beginning inventory $115,000 $312,000 $414,000 Ending inventory 312,000 414,000
This information is available for Concord's Photo Corporation for 2020, 2021, and 2022. 2020 2021 2022 Beginning inventory $115,000 $312,000 $414,000 Ending inventory 312,000 414,000 471,000 Cost of goods sold 928,725 1,219,680 1,274,400 Net sales revenue 1,238,300 1,742,400 1,991,250 (a) Calculate inventory turnover for 2020, 2021, and 2022. (Round answers to 2 decimal places, e.g. 1.52.) Inventory turnover eTextbook and Media Save for Later 2020 2021 2022 Attempts: 0 of 2 used Submit Answer (b) Calculate days in inventory for 2020, 2021, and 2022. (Round answers to 1 decimal place, e.g. 1.5. Use 365 days for calculation.) Days in inventory eTextbook and Media Save for Later 2020 days 2021 days 2022 Attempts: 0 of 2 used Submit Answer (c) Calculate gross profit rate for 2020, 2021, and 2022. (Round answers to 1 decimal place, e.g. 12.5%.) Gross profit rate eTextbook and Media Save for Later 2020 % 2021 % 2022 % Attempts: 0 of 2 used Submit
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