A Company Reported the Following Data Required:
1

question 110

Essay

A company reported the following data:
$$\begin{array} { | l | r | r | } \hline & \text { Year 1 } & \text { Year 2 } \\\hline \text { Cost of goods sold } & \$ 317,500 & \$ 279,100 \\\hline \text { Average inventory } & 72,000 & 93,000 \\\hline\end{array}$$
Required:
1.Calculate the company's merchandise inventory turnover for each year.
2.Comment on the company's efficiency in managing its inventory.

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Definitions:

Gender-Neutral Language

Linguistic expressions designed to avoid bias towards any particular sex or social gender, promoting equality.

Workforce Language

The specific set of terms, jargon, and communication styles commonly understood and used within a particular professional environment.

Culture

The shared set of beliefs, values, practices, and social norms of a group of people or society.

Gender Roles

Socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.