Current Attempt in Progress Kingbird Merchants reported the following on its income statement for the fiscal year ended December 31, 2021 and 2020. 2021 $495,060 2020 $474,990 Sales Cost of goods sold Beginning inventory 146,480 154,124 Net purchases 345,590 322,560 (139.374) (146,480) Ending inventory Cost of goods sold 352,696 330,204 Gross profit 142,364 144,786 Operating expenses 87,568 89,168 Profit $54.796 $55,618 ( (a) Your answer is correct. Calculate the inventory turnover ratio for Kingbird for 2021 and 2020. (Round answers to 2 decimal places, e.g. 52.75.) 2021 2020 Inventory turnover 2.47 times 2:20 times Attempts: 1 of 5 used (b) Your answer is correct. Calculate the days sales in inventory for Kingbird for 2021 and 2020. (Round answers to decimal places, e.g. 5,275 and use 365 days for calculation) 2021 2020 Days sales in inventory days 166 days om (c) c Calculate the gross profit margin for Kingbird for 2021 and 2020. (Round answers to 1 decimal place, e.g. 52.7%.) 2021 2020 Gross profit margin | % % Save for Later Attempts: 0 of 5 used Submit An (d) The parts of this question must be completed in order. This part will be available when you complete the part above. (e) The parts of this question must be completed in order. This part will be available when you complete the part above