Question: Send to Gradebook -/2 Question 5 View Policies Current Attempt in Progress The following information is available for Blossom Company for three recent fiscal years
Send to Gradebook -/2 Question 5 View Policies Current Attempt in Progress The following information is available for Blossom Company for three recent fiscal years 2020 2021 2022 $546,000 $560,000 $324,000 Inventory port 1,890,000 1,700,000 1,320,000 Net sales 1,493,100 1,237,600 950,000 Cost of goods sold (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 0 decimal places, e.s. 125 and gross profit rate to 1 decimal place, e.s. 5.2 %) 2022 2021 Inventory Turnover times times days Days in Inventory days Gross Profit Rate % % eTextbook and Media Attemnt 0of 15. ed
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