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This information is available for Sheridan's Photo Corporation for 2018, 2019, and 2020. Beginning inventory Ending inventory Cost of goods sold Sales revenue 2018 $
This information is available for Sheridan's Photo Corporation for 2018, 2019, and 2020. Beginning inventory Ending inventory Cost of goods sold Sales revenue 2018 $ 118,000 317,000 910,000 1,190,000 2019 $317,000 410,000 1,110,000 1,600,000 2020 $410,000 473,000 1,300,000 1,900,000 Your answer is partially correct. Try again. Calculate inventory turnover for Sheridan's Photo Corporation for 2018, 2019, and 2020. (Round answers to 2 decimal places, e.g. 1.52.) 2018 2019 4.18 13. 05 2020 .94 Inventory turnover 7 Your answer is correct. Calculate days in inventory for Sheridan's Photo Corporation for 2018, 2019, and 2020. (Round answers to 1 decimal place, e.g. 1.5. Use 365 days for calculation.) 2018 2019 2020 Days in inventory 187 days 120 days 1124 days x Your answer is incorrect. Try again. Calculate gross profit rate for Sheridan's Photo Corporation for 2018, 2019, and 2020. (Round answers to 0 decimal places, e.g. 125%.) 2018 2019 2020 Gross profit rate 1.235 11306
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