The following information is available for Wellington Industries for its fiscal year ending January 31, 2012:
Compute the following financial ratios for Wellington:
A) Inventory turnover ratio
B) Average days to sell inventory
Definitions:
Advance Directive
A written document such as a living will or durable power of attorney that directs others how future health care decisions should be made in the event that the individual becomes incapacitated.
Holographic Wills
Wills that are handwritten, dated, and signed by the person making the will, without the necessity of witnesses, recognized in some jurisdictions.
Nuncupative Wills
Oral wills that are made by the testator in anticipation of imminent death, witnessed by others, and subject to legal restrictions.
Probate Referee
An appointed individual who evaluates the assets of a deceased person's estate for probate court proceedings.
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