The Following Data Are Taken from the Financial Statements

question 70

Short Answer

The following data are taken from the financial statements:
(a) 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.
(b) Comment on the favorable and unfavorable trends revealed by the data.

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A federal agency in the United States responsible for enforcing laws that prohibit discrimination in the workplace.

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Also known as the Wagner Act, it's a fundamental law in the United States that protects the rights of employees to organize and to bargain collectively with their employers.

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United States federal law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards.

National Labor Relations Act

A foundational United States labor law that protects the rights of employees to organize and to bargain collectively with their employers.