View Policies Current Attempt in Progress Ivanhoe Company reported the following information for a three-year period: 2021 $19.000 Ending inventory Sales Cost of goods sold 130,000 2020 $30,000 137.000 63,020 42,000 2019 $33.000 113,000 51,980 45,000 59,800 Profit 25,000 Calculate the inventory turnover.days sales in inventory, and gross profit margin for 2021 and 2020. (Round number of days answers to decimal places, eg. 52. Round other answers to 2 decimal places, eg. 52.75. Use 365 days for calculation.) 2021 2020 Inventory turnover times times Days sales in inventory days days Gross profit margin Calculate the inventory turnover days sales in inventory, and gross profit margin for 2021 and 2020. (Round number of days answers to decimal places, eg. 52. Round other answers to 2 decimal places, eg. 52.75. Use 365 days for calculation.) 2021 2020 Inventory turnover times times Days sales in inventory days days Gross profit margin 9 %6 Based on this information, does the company's liquidity appear to be improving or deteriorating? The company's liquidity appears to be Save for Later Attempts: 0 of 2 used Submit