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9 Question 2 - Google Chrome - 0 edugen.wileyplus.com/edugen/shared/assignment/test/qprint.uni Print by: KHYANA FLORA 53287355:HCS/380 / Bb Week 3 Homework * Question 2 The following information is available for Ivanhoe Company for three recent fiscal years. 2017 2016 2015 Inventory $559,435 $574,458 $332,512 Net sales 1,951,208 1,694,950 1,310,706 Cost of goods sold 1,566,652 1,276,497 952,857 Calculate the inventory turnover, days in inventory, and gross profit rate for 2017 and 2016. ( Round inventory turnover to 1 decimal place, e.g. 5.2, days in inventory to 0 decimal places, e.g. 125 and gross profit rate to 1 decimal place, e.g. 5.2%.) 2017 2016 Inventory Turnover times times Days in Inventory days days Gross Profit Rate o/C Question Attempts: 0 of 3 used Copyright @ 2000-2019 by Jo e 11:23 AM 10/29/2019