This information is available for Groneman, Inc. for 2013 and 2014. 
Instructions
Calculate the inventory turnover, days in inventory, and gross profit rate for Groneman., Inc. for 2013 and 2014. Comment on any trends.
Definitions:
Professional Field
A specific area of work or study that requires specialized education, training, and skills.
Common Practice
Refers to the habits or ways of doing things that are widely accepted and used within a particular industry or community.
Duty of Care
A legal obligation requiring a person to adhere to a standard of reasonable care while performing any acts that could foreseeably harm others.
Negligent Misstatement
A false statement made carelessly rather than with the intent to deceive, leading to someone's loss.
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