Calculate the inventory turnover, days in inventory, and gross profit rate.
The following information is available for Sage Hill Inc. for three recent fiscal years.
|
|
2017 |
2016 |
2015 |
|
Inventory |
$554,890 |
$563,389 |
$327,514 |
|
Net Sales |
1,948,340 |
1,696,550 |
1,302,478 |
|
Cost of goods sold |
1,540,998 |
1,294,828 |
964,760 |
|
|
2017 |
2016 |
|
Inventory Turnover |
6.1 times |
2.9 times |
|
Days in Inventory |
59.8 days |
125.8 days |
|
Gross Profit Rate |
20% |
23% |
Enjoy 24/7 customer support for any queries or concerns you have.
Phone: +1 213 3772458
Email: support@gradeessays.com