Dartmouth Games reported the following information for a three-year period:

Calculate inventory turnover, days sales in inventory, and gross profit margin.

2021 2020 2019
Ending inventory $ 20,000 $ 30,000 $ 34,000
Sales 125,000 128,000 115,000
Cost of goods sold 50,000 51,200 46,000
Profit 30,000 42,000 40,000


a. Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2021 and 2020.

b. Based on this information, does the company’s liquidity appear to be improving or deteriorating?

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