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Use the following information: Met sales Cost of goods sold Beginning inventory Ending inventory $150,000 100.000 35,000 25,000 a. Calculate the inventory turnover ratio. (Round

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Use the following information: Met sales Cost of goods sold Beginning inventory Ending inventory $150,000 100.000 35,000 25,000 a. Calculate the inventory turnover ratio. (Round your answer to 1 decimal place.) Inventory turnover ratio times b. Calculate the average days in inventory (Assume 365 days in a year. Round your intermediate calculations and final answer to 1 decimal place.) Average days in Inventory days c. Calculate the gross profit ratio. (Round your answer to 2 decimal place.) Groot proftratio

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