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
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 | 25,000 | 16,000 |
| Net Sales (all credit) | 80,000 | 71,000 |
| Cost of Goods Sold | 49,000 | 52,000 |
| Net Income | 7,200 | 6,900 |
Use this information to determine for FY 2017: (Round & enter your answers to one decimal place and enter the value.) Show your work!
1. the inventory turnover ratio
2. number of days of inventory
3. Gross Profit Margin
4. Profit Margin
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