A Company Reported the Following Data Required:
1

question 25

Essay

A company reported the following data:
$$\begin{array} { | l | r | r | } \hline & \text { Year 1 } & \text { Year 2 } \\\hline \text { Cost of goods sold } & \$ 425,000 & \$ 486,000 \\\hline \text { Ending inventory } & 140,000 & 175,000 \\\hline\end{array}$$
Required:
1.Calculate the days' sales in inventory for each year.
2.Comment on the trend in inventory management.

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Definitions:

Facial Expressions

Movements of the facial muscles that convey emotions, intentions, or reactions nonverbally.

Time

A continuous, measurable quantity in which events occur in a sequence from the past through the present to the future.

Nonverbal Communication

The process of conveying a message without the use of words, through gestures, body language, facial expressions, and other visual cues.

Physical Engagement

The act of participating in activities that require bodily movement or exertion.