2012 Ending Inventory Is $25,000; 2013 Ending Inventory Is $19,500;

question 32

Essay

2012 ending inventory is $25,000; 2013 ending inventory is $19,500; 2014 ending inventory is $22,000; and cost of goods sold is $65,500 for 2014 and $67,900 for 2013. What is the days in inventory for 2013 and 2014? Has it improved?

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Definitions:

Egocentrism

The inability to differentiate between one's own perspective and someone else's perspective.

Self-Centered Arrogance

An attitude of excessive pride centered around one's own needs, desires, and importance, often at the expense of others.

Pleasure

The sensation of happiness, enjoyment, or satisfaction derived from an experience.

Perspective

A particular attitude towards or way of regarding something; a point of view.