A Company Reported the Following Data Required:
1

question 142

Essay

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

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Definitions:

Cooperativeness

The willingness to work jointly with others or within a group toward a common goal or objective.

Suboptimization

A situation where the optimization of a part of an organization or system results in the suboptimal performance of the whole.

Temporary Settlements

Provisional arrangements or dwellings that are intended for use over a limited period of time.

Complex Issues

Problems or matters that are difficult to understand or resolve due to their intricate and multifaceted nature.