CH6 HOMEWORK Part 2 CHROMEWORK Part 2 Help Save & 12 Che Use the following information: 5.25 points Net sales Cost of goods sold Beginning inventory Ending inventory $210,000 148,000 47,000 37,000 eBook a. Calculate the inventory turnover ratio. (Round your answer to 1 decimal place.) Inventory turnover ratio times References b. Calculate the average days in inventory (Assume 365 days in a year. Round your intermediate calculations and final answer to 1 decimal place.) Average days in inventory days c. Calculate the gross profit ratio. (Round your answer to 2 decimal place.) Gross profit ratio % Prey 12 of 16 Next >