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, 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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