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This information is available for Grouper Inc. for the current year. Beginning inventory $12,100 Ending inventory 12,590 Cost of goods sold 86,415 Sales 146,000 Calculate
This information is available for Grouper Inc. for the current year.
Beginning inventory | $12,100 | |
---|---|---|
Ending inventory | 12,590 | |
Cost of goods sold | 86,415 | |
Sales | 146,000 |
Calculate the inventory turnover, days in inventory, and gross profit rate for Grouper Inc. for the current year. (Round gross profit rate to 2 decimal places, e.g. 12.51 and other answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.)
Inventory turnover | enter inventory turnover in times | times | |
Days in inventory | enter days in inventory | days | |
Gross profit rate | enter days in inventory |
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