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he following information is available for Zoes Activewear Inc. for three recent fiscal years. 2017...

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Accounting

he following information is available for Zoes Activewear Inc. for three recent fiscal years. 2017 2016 2015 Inventory $553,000 $568,000 $332,000 Net sales 1,948,000 1,725,000 1,311,000 Cost of goods sold 1,552,000 1,288,000 947,000 Calculate the inventory turnover, days in inventory, and gross profit rate for 2017 and 2016. (Round inventory turnover to 1 decimal place, e.g. 5.1, days in inventory to 0 decimal places, e.g. 125 and gross profit rate to 1 decimal place, e.g. 5.1%.)

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