The following information is available for Williams's Bottling Company, Inc. for the most recent three...
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Accounting
The following information is available for Williams's Bottling Company, Inc. for the most recent three years: (in millions) Inventory Cost of goods sold Sales 2020 $1,551 10,979 29,057 2021 $1,696 14,253 32,609 2022 $1.927 17,699 35,004 Inventory at the end of 2019 was $1,410 Calculate the inventory turnover ratio, days in inventory, and gross profit margin for 2020 2021, and 2022. (Round inventory turnover ratio and gross profit margin answers to 1 decimal place, c.8. 15.2 and round Inventory days to the nearest day, 6.8 15 days.) 2020 2021 2022 Inventory turnover times 9.2 times 106 time days 10 days 34 days Days in inventory Gross profit margin % 494
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