The following information is available for Witten Company: 
Instructions
Compute each of the following:
(a) Inventory turnover.
(b) Days in inventory.
Definitions:
Capital Investment
Funds spent by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment.
Capital Budgeting
The process by which investors decide on the value of a project or investment by determining the future anticipated cash flows.
Future Projections
Estimates or forecasts about how situations, financial performances, or metrics might evolve over upcoming periods based on current data and trends.
Project's Scope
Project's scope refers to the specific goals, deliverables, tasks, costs, and deadlines involved in a project, defining its boundaries and what is or is not included in the work to be done.
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