This information is available for Abdullah€™s Photo Corporation for 2015, 2016, and 2017.

Instructions
Calculate inventory turnover, days in inventory, and gross profit rate (from Chapter 5) for Abdullah€™s Photo Corporation for 2015, 2016, and 2017. Comment on anytrends.

Transcribed Image Text:

2015 2016 2017 Beginning inventory Ending inventory Cost of goods sold Sales revenue 100,000 300,000 400,000 400,000 1,152,000 1,600,000 300,000 480,000 1,300,000 1,900,000 1,200,000