The following information is available for Sandhill Co. for three recent fiscal years.
Calculate the inventory turnover, days in inventory, and gross profit rate for 2017 and 2016.(Round inventory turnover to 1 decimal place, e.g. 5.2, days in inventory to 0 decimal places, e.g. 125 and gross profit rate to 1 decimal place, e.g. 5.2%.)
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