A Company Reported the Following Data Required:
1

question 150

Essay

A company reported the following data:
$$\begin{array} { | l | r | r | } \hline & \text { Year 1 } & \text { Y ear 2 } \\\hline \text { Cost of goods sold } & \$ 317,500 & \$ 279,100 \\\hline \text { Average inventory } & 72,000 & 93,000 \\\hline\end{array}$$ 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:

Controllable Negative Events

Negative occurrences that an individual believes they have the power to influence or change.

Uncontrollable Negative Event

An incident or occurrence that is beyond an individual's control and has a harmful or undesirable impact.

Martin Seligman

A psychologist known for his work on the theory of learned helplessness, as well as being a founder of positive psychology.

Body Dissatisfaction Explanation

The cognitive and emotional discomfort or distress associated with a negative self-evaluation of one's body or appearance.