Question: Brief Exercise 6 - 1 2 ( Static ) Analyze inventory efficiency ( LO 6 - 6 ) Use the following information: Net sales$ 2

Brief Exercise 6-12(Static) Analyze inventory efficiency (LO6-6)
Use the following information:
Net sales$ 250,000Cost of goods sold180,000Beginning inventory55,000Ending inventory45,000
Calculate the inventory turnover ratio.
Calculate the average days in inventory.
Calculate the gross profit ratio.

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