Question: Current Attempt in Progress The following information is available for Tamarisk, Inc. for three recent fiscal years. 2022 2021 $568,000 Inventory Net sales Cost of

 Current Attempt in Progress The following information is available for Tamarisk,

Current Attempt in Progress The following information is available for Tamarisk, Inc. for three recent fiscal years. 2022 2021 $568,000 Inventory Net sales Cost of goods sold 2020 $345,000 1,370,000 954,000 $578,000 1,775,000 1,384,500 1,910,000 1,661,700 (a) Calculate the inventory turnover, days in inventory, and gross profit rate for 2022 and 2021. (Round inventory turnover to 1 decimal place, e.g. 5.2 days in inventory to O decimal places, e.g. 125 and gross profit rate to 1 decimal place, e.g. 5.2%.) 2022 2021 Inventory Turnover times times Days in Inventory days days Gross Profit Rate % %

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