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This information is available for Grant's Photo Corporation for 2012 and 201:3 2012 2013 $ 200,000 $300,000 Beginning inventory Ending inventory Cost of goods sold

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This information is available for Grant's Photo Corporation for 2012 and 201:3 2012 2013 $ 200,000 $300,000 Beginning inventory Ending inventory Cost of goods sold Sales 300,000 380,000 ,150,000 1,330,000 1,600,000 1,900,000 Instructions Calculate inventory turnover, days in inventory, and gross profit percentage rate for Grant's Photo Corporation for 2012 and 2013 Solution Extracredit#1 Inventory turnover for 2012 Days in inventory for 2012 Gross profit percentage rate for 2012

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