Business, 06.04.2021 01:00 garciazzzz6
Inventory Ratio Calculations Sanchez, LTD. provided the following data for 2016 and 2017: Inventory December 31, 2015 $ 352,000 December 31, 2016 555,000 December 31, 2017 388,000 Cost of goods sold 2016 $ 1,172,000 2017 1,258,000 Gross margin 2016 $ 512,000 2017 574,000 Do not round until your final answers. Round all calculations to two decimal places. (a) Calculate the inventory turnover ratio for 2016 and 2017. 2016 Answer times 2017 Answer times (b) Calculate the gross margin return on inventory investment for 2016 and 2017. 2016 Answer
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Inventory Ratio Calculations Sanchez, LTD. provided the following data for 2016 and 2017: Inventory...
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