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Question 6 View Policies Current Attempt in Progress The following information is available for Ivanhoe Company for three recent fiscal years. 2022 2021 2020 Inventory $554,000 $564,000 $322,000 Net sales 1,950,000 1,772,000 1,373,300 1,310,000 935,000 Cost of goods sold 1,677,000 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 e Textbook and Media Save for Later Attempts: unlimited Submit