Question: Question 18 (10 points) Below find a partial information for Fenlon Inc - a Canadian manufacture of wooden furniture: 2022 2021 2020 Sales $401,244

Question 18 (10 points) Below find a partial information for Fenlon Inc - a Canadian manufacture of wooden furniture: 2022 2021 2020 Sales $401,244 Blank #5 $344,759 Cost of Goods Blank #1 286,350 263,979 Sold Gross Margin 95,086 87,957 Blank #7 Ending Inventory 34,511 Blank #6 34,750 36,750 Gross Profit Blank #2 23.5% Blank #8 Percentage Inventory Blank #3 8.19 times Blank #9 Turnover Days sales in Blank #4 44.57 days Blank #10 inventory 2019 In the space provided below, provide the correct answer for each blank. Write your answer like this: Blank #1 Blank #2= Etc. Hint: The formulas for inventory turnover and days sales in inventory are as follows: Days Sales in Inventory 365/Inventory Turnover Ratio Inventory Turnover Ratio Cost of goods sold/Average Inventory.

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