A Company Reported the Following Data Required:
1

question 67

Essay

A company reported the following data:
$$\begin{array} { | l | r | r | r | } \hline & { \text { Year 1 } } & { \text { Year 2 } } &{ \text { Year 3 } } \\\hline \text { Cost of goods sold } & \$ 238,000 & \$ 375,000 & \$ 495,000 \\\hline \text { Ending inventory } & 120,000 & 150,000 & 180,000 \\\hline\end{array}$$
Required:
1.Calculate the days' sales in inventory for each year.
2.Comment on the trend in inventory management.

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Definitions:

Protein

Polymer of amino acids; often consisting of one or more polypeptides and having a complex three-dimensional shape.

Viral RNA Genome

The genetic material of RNA viruses, which consists of ribonucleic acid (RNA) instead of DNA.

Mature Capsid

The protein shell of a virus that encloses its genetic material, fully formed and capable of infecting a host cell.

Biosynthesis

The process by which living organisms produce complex molecules from simpler ones, typically involving enzyme action.