This information is available for Sepia Photo Corporation for 2012, 2013, and 2014.

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

Transcribed Image Text:

2012 2013 2014 Beginning etor Ending inventory Cost of goods sold Sales revenue 100,000 330,000 400,000 480,000 1,300,000 air 400,000 330,000 900,000 1,120,000 1,200,000 ,600,000 ,900,000