Inventory Ratio Calculations Sanchez, LTD. provided the following data for 2016 and 2017: Inventory December 31, 2015 $ 352,000 December 31, 2016 555,000 December 31, 2017 388,000 Cost of goods sold 2016 $ 1,172,000 2017 1,258,000 Gross margin 2016 $ 512,000 2017 574,000 Do not round until your final answers. Round all calculations to two decimal places. (a) Calculate the inventory turnover ratio for 2016 and 2017. 2016 Answer times 2017 Answer times (b) Calculate the gross margin return on inventory investment for 2016 and 2017. 2016 Answer

Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area? a. when more people have children, their incomes tend to be higher and the housing prices are also higher. b. older people are more likely to stay in their houses, creating a seller's market that keeps prices low. c. an area with a lower population density won't have enough construction workers to build new houses quickly. d. an area with younger people will have a higher demand for rentals and a lower demand for buying.