Based on the Following Information, Compute

question 71

Essay

Based on the following information, compute
(a) inventory turnover
(b) average daily cost of merchandise sold using a 365-day year and
(c) days' sales in inventory.?Cost of merchandise sold $195,640Inventory:Beginning 20,500Ending 18,628

Understand the basic principles and objectives of tort law.

Distinguish between intentional torts, negligence, and strict liability.

Recognize the defenses available in tort actions.

Identify the elements required to establish negligence.