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The Following Data Are Taken from the Financial Statements

question 19

Essay

The following data are taken from the financial statements: The following data are taken from the financial statements:   a)b)Determine for each year 1) the inventory turnover, round answer to one decimal place. 2) the number of days' sales in inventory. Round intermediate calculations to two decimal places and the final answer to whole number. Comment on the favorable and unfavorable trends revealed by the data. a)b)Determine for each year 1) the inventory turnover, round answer to one decimal place.
2) the number of days' sales in inventory. Round intermediate calculations to two decimal places and the final answer to whole number.
Comment on the favorable and unfavorable trends revealed by the data.


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