Use the following selected financial information to answer the questions that follow. 
?
A)Calculate this company's inventory turnover ratio for 2021 and 2020.
B)Determine the number of days it would take to turn over the entire inventory at December 31, 2021 and 2020.
C)What problems are apparent with the company's inventory management?
Definitions:
Capital Budgeting
The process of planning and managing a company's long-term investments in projects or assets to maximize profitability and growth.
Capital Investment Analysis
The process of evaluating and selecting long-term investments consistent with the firm's goal of wealth maximization.
Cash Payback Period
the duration required to recover the cost of an investment through cash flows generated by the investment.
Annual Net Cash Inflow
The net amount of cash that flows into a company in a year after all expenses and outflows have been subtracted from total inflows.
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