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This information is available for Pronghorn Photo Ltd. for 2015, 2016, and 2017. 2015 2016 2017 Beginning inventory Ending inventory Cost of goods sold Sales

This information is available for Pronghorn Photo Ltd. for 2015, 2016, and 2017. 2015 2016 2017 Beginning inventory Ending inventory Cost of goods sold Sales revenue 112,580 311,120 908,000 1,206,260 311,120 412,460 1,107,000 1,607,590 412,460 488,670 1,153,000 1,903,160 Calculate inventory turnover for Pronghorn Photo Ltd. for 2015, 2016, and 2017. (Round answers to 2 decimal places, e.g. 0.10.) 2015 2016 2017 Inventory turnover ratio Calculate days in inventory for Pronghorn Photo Ltd. for 2015, 2016, and 2017. (Round answers to 1 decimal place, e.g. 1.5.) 2015 2016 2017 Days in inventory days days days Calculate gross profit rate for Pronghorn Photo Ltd. for 2015, 2016, and 2017. (Round answers to 0 decimal places, e.g. 10%.) 2015 2016 2017 Gross profit rate % % %

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