Reference no: EM132477578

The following financial information is for Alpha Corporation are for the fiscal years ending 2017 & 2016 (all balances are normal):

Item/Account

                                                                      2017                      2016

Accounts Receivable                          $9,800                 $9,400

Inventory                                         30,000                 16,000

Net Sales (all credit)                            85,000             71,000

Cost of Goods Sold                              62,000             52,000

Net Income                                        7,200                6,900

Question 1: Use this information to determine for FY 2017: (Round & enter your answers to one decimal place and enter the value.)

1. the inventory turnover ratio

2. number of days of inventory

3. Gross Profit Margin

4. Profit Margin