Question: Current Attempt in Progress Sunland Company reported the following information for a three-year period: 2021 2020 2019 Ending inventory $19,000 $29.000 $33,000 Sales 140,000 148,000


Current Attempt in Progress Sunland Company reported the following information for a three-year period: 2021 2020 2019 Ending inventory $19,000 $29.000 $33,000 Sales 140,000 148,000 114,000 50,400 Cost of goods sold 53.280 41.040 Profit 26.000 42,000 41,000 Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2021 and 2020. (Round number of ays answers to decimal places, eg. 52. Round other answers to 2 decimal places, eg. 52.75. Use 365 days for calculation) 2021 2020 Inventory turnover times times Days sales in inventory days days Gross profit margin 26 % Based on this information, does the company's liquidity appear to be improving or deteriorating? The company's liquidity appears to be
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