This information is available for Bramble Corp. for 2018, 2019, and 2020. 2018 2019 2020 Beginning...

This information is available for Bramble Corp. for 2018, 2019, and 2020.

	2018	2019	2020
Beginning inventory	$ 115,000	$ 314,500	$ 411,500
Ending inventory	314,500	411,500	477,000
Cost of goods sold	901,000	1,126,000	1,301,000
Sales revenue	1,208,000	1,599,500	1,892,500

a) Calculate inventory turnover for Bramble Corp. for 2018, 2019, and 2020. (Round answers to 2 decimal places, e.g. 1.52.)

b) Calculate days in inventory for Bramble Corp. for 2018, 2019, and 2020. (Round answers to 1 decimal place, e.g. 1.5. Use 365 days for calculation)

c) Calculate gross profit rate for Bramble Corp. for 2018, 2019, and 2020. (Round answers to 0 decimal places, e.g. 125%)

Expert Solution

ekkarill92 answered 1 year ago

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