Question & Answer: Question 3 (8 points) Question 3 Unsaved The following financial information is for Alpha Corporation are for the fiscal years e…..

Question 3 (8 points) Question 3 Unsaved 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 20,000 16,000 Net Sales (all credit) 72,000 71,000 Cost of Goods Sold 54,000 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.)

1. the inventory turnover ratio

2. number of days of inventory

3. Gross Profit Margin

4. Profit Margin