This information is available for Quicks Photo Corporation for 2012, 2013, and 2014. Instructions Calculate inventory turnover,

This information is available for Quick’s Photo Corporation for 2012, 2013, and 2014.

Instructions
Calculate inventory turnover, days in inventory, and gross profit rate (from Chapter 5) for Quick’s Photo Corporation for 2012, 2013, and 2014. Comment on anytrends.

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2012 2013 2014 Beginning inventory 100,000300,000 400,000 480,000 1,300,000 1,900,000 Ending inventory Cost of goods sold Sales revenue 300,000 900,000 1,200,000 400,000 1,120,000 1,600,000