This Information Is Available for Sheena's Photo Corporation for 2016

Essay

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