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Calculate Trifolium inventory turnover ratio

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Reference no: EM132846783

Question - The financial statements of Trifolium Corporation for fiscal 2018 to fiscal 2020 are as follows (in thousands):

 

Fiscal 2020

Fiscal 2019

Fiscal 2018

Inventory

$291,497

$319,445

$302,207

Sales

1,346,758

1,331,009

1,263,955

Gross margin

483,519

478,401

451,592

Net income

29,325

47,451

35,217

Required -

1. Calculate Trifolium's (1) inventory turnover ratio and (2) average days to sell inventory for each of the two years ending in 2020 and 2019.

2. Calculate Trifolium's gross profit percentage and percentage mark-up on cost for each fiscal year.

Reference no: EM132846783

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