Business, 03.09.2021 23:10 rjmarin592ovzbn9

Compute the inventory turnover, days' sales in inventory, and gross profit percentage for 's Companies for . Compute the inventory turnover. (Round your answer to two decimal places, X. XX.) The inventory turnover = Cost of goods sold ÷ Average merchandise inventory = 2.54 times. Compute the days' sales in inventory. (Round interim calculations to two decimal places, X. XX and round your final answer to the nearest whole day.) The days' sales in inventory = 365 days ÷ Inventory turnover = 144 days. Compute the gross profit percentage. (Round your answer to the nearest tenth of a percent, X. X.%) The gross profit percentage

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