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This information is available for Abdullah’s Photo Corporation for 2015, 2016, and 2017. 2015 2016 2017 Beginning inventory $ 113,000 $ 311,000 $ 416,000 Ending inventory 311,000 416,000 482,000 Cost of goods sold 900,000 1,110,000 1,310,000 Sales revenue 1,210,000 1,590,000 1,890,000 Calculate inventory turnover for Abdullah’s Photo Corporation for 2015, 2016, and 2017. (Round answers to 2 decimal places, e.g. 1.52.) 2015 2016 2017 Inventory turnover Calculate days in inventory for Abdullah’s Photo Corporation for 2015, 2016, and 2017. (Round answers to 1 decimal place, e.g. 1.5. Use 365 days for calculation.) 2015 2016 2017 Days in inventory days days days Calculate gross profit rate for Abdullah’s Photo Corporation for 2015, 2016, and 2017. (Round answers to 0 decimal places, e.g. 125%.) 2015 2016 2017 Gross profit rate %

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91526836

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