****Please double-check correct answers before submitting an explanation. Thank you!****

The following table contains data about the inventory for five items at Jones Corporation. Complete the missing items in the table. (Round your inventory turnover to 3 decimal places.) intains data about the inventory for five items at Jones e the missing items in the table. , turnover to 3 decimal places.) Akers Inc. maintains average inventory of $1,600,000 (at cost). Last year, Akers' sales volume was $16,000,000 and cost of goods sold was $8,500,000. Akers has determined that its inventory carrying cost is 18 percent annually. (1) What was the inventory turnover rate? (Round your answer to 2 decimal places.) Inventory turnover rate times (2) How much was the inventory carrying cost for the year? (Omit the "\$" sign in your response.) Inventory carrying cost \$ Suppose Jones Corporation determined that its annual inventory carrying cost =16 percent. Compute the dollar values for the information in the above table, determine the annual inventory carrying cost for each item, and the total annual inventory carrying cost. (Omit the "\$" sign in your response.) Total annual inventory carrying cost $ The following table contains data about the inventory for five items at Jones Corporation. Complete the missing items in the table. (Round your inventory turnover to 3 decimal places.) intains data about the inventory for five items at Jones e the missing items in the table. , turnover to 3 decimal places.) Akers Inc. maintains average inventory of $1,600,000 (at cost). Last year, Akers' sales volume was $16,000,000 and cost of goods sold was $8,500,000. Akers has determined that its inventory carrying cost is 18 percent annually. (1) What was the inventory turnover rate? (Round your answer to 2 decimal places.) Inventory turnover rate times (2) How much was the inventory carrying cost for the year? (Omit the "\$" sign in your response.) Inventory carrying cost \$ Suppose Jones Corporation determined that its annual inventory carrying cost =16 percent. Compute the dollar values for the information in the above table, determine the annual inventory carrying cost for each item, and the total annual inventory carrying cost. (Omit the "\$" sign in your response.) Total annual inventory carrying cost $