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This information is available for Sheena's Photo Corporation for 2016 and 2017. 2016‾2017‾ Beginning inventory $200,000$300,000 Ending inventory 300,000365,000 Cost of goods sold 1,200,0001,330,000 Sales revenue 1,600,0001,900,000\begin{array} { l r r } &\underline { 2016 } & \underline { 2017 } \\\text { Beginning inventory } & \$ 200,000 & \$ 300,000 \\\text { Ending inventory } & 300,000 & 365,000 \\\text { Cost of goods sold } & 1,200,000 & 1,330,000 \\\text { Sales revenue } & 1,600,000 & 1,900,000\end{array} Beginning inventory Ending inventory Cost of goods sold Sales revenue 2016$200,000300,0001,200,0001,600,0002017$300,000365,0001,330,0001,900,000 Instructions
Calculate inventory turnover days in inventory and gross profit rate for Sheena's Photo Corporation for 2016 and 2017. Comment on any trends.
On Jun 17, 2024