This information is available for Groneman, Inc. for 2016 and 2017, (in millions) 2016 2017 Beginning inventory Ending inventory Cost of goods sold Sales $2,522 2,522 2,618 23,099 43,251 43,232 $2,290 24,351 Calculate the inventory turnover, days in inventory, and gross profit rate for Groneman, Inc. for 2016 other answers to 1 decimal place, e.g. 15.2 rate for Groneman, Inc. for 2016 and 2017. (Round gross profit rate to 2 decimal places, e.g. 0.25 and all 2016 2017 8.99 times Inventory turnover ratio Days in inventory Gross profit rate 10.12 times 40.6 days 18900 2013