Based on the following information: compute (a) inventory turnover; (b) average daily cost of goods sold; and (c) number of days' sales in inventory for the current year. Use a 365-day year. (d) If an inventory turnover of 12 is average for the industry, how is this company doing? 
Definitions:
Empowerment
The process of giving employees more autonomy, authority, and control over their work, enhancing their sense of ownership and responsibility.
Servant Leadership
A leadership philosophy that emphasizes the importance of serving others, where the main goal of the leader is to serve the people they lead.
Decision-Making Power
The ability or authority to make decisions independently and influence outcomes.
Executive Success
The achievement of desired outcomes and goals by individuals in high-level positions, often measured by company performance, leadership effectiveness, and influential capacity.
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