Inventory Turnover, Days in Inventory, and Gross Profit Rate
This information is available for Santo's Photo Corporation for 2009, 2010, and 2011. 2009 2010 2011 Beginning inventory $ 115,700 $ 310,500 $ 411,560 Ending inventory 303,200 402,300 489,520 Cost of goods sold 898,800 1,127,110 1,275,910 Sale