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This information is available for Swifty Inc. for 2021 and 2022. (in millions) 2021 2022 Beginning inventory $2,152 $2,499 Ending inventory 2,499 2,651 Cost
This information is available for Swifty Inc. for 2021 and 2022. (in millions) 2021 2022 Beginning inventory $2,152 $2,499 Ending inventory 2,499 2,651 Cost of goods sold 24,614 3,286 Sales 43,294 42,997 Calculate the inventory turnover, days in inventory, and gross profit rate for Swifty Inc. for 2022. (Round gross profit rate to 2 decimal places, e.g. 0.25 and all other answers to 1 decimal p Use 365 days for calculation.)
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