This information is available for Crane's Photo Corporation for 2020, 2021, and 2022. 2020 2021...

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Accounting

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This information is available for Crane's Photo Corporation for 2020, 2021, and 2022. 2020 2021 2022 Beginning inventory $ 111,000 $ 319,000 $ 411,000 Ending inventory 319,000 411,000 482,000 Cost of goods sold 903,000 1,095,000 1,312,710 Net sales revenue 1,204,000 1,500,000 1,875,300 Calculate gross profit rate for 2020, 2021, and 2022. (Round answers to 1 decimal place, e.g. 12.5%.) 2020 2021 2022 Gross profit rate % % Se %

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