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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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