A Company Reported the Following Data Required:
1

question 3

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.