The following data are available for Martin Solutions, Inc.:? 
(1)Determine for each year:
(a)Inventory turnover
(b)Number of days' sales in inventory (Round intermediate calculation to the nearest whole number and your final answer to one decimal place.)
(2)What conclusions can be drawn from these data concerning the inventories?
Definitions:
Minimize Profits
The strategy of reducing profits to a minimum, possibly for tax advantages, ethical reasons, or for future strategic positioning.
Maximize Them
The process of making the most or best of certain resources, outcomes, or situations to achieve the highest possible benefit or efficiency.
Principal-agent Relationships
A framework within economics that describes the dynamics when one entity (the principal) hires another (the agent) to perform a task on their behalf, often involving delegation of decision-making authority.
Observability
The degree to which the internal states of a system are accessible to its external observation, often used in context of controlling complex systems.
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