Based on the Following Information: Compute (A) Inventory Turnover; (B)

question 84

Essay

Based on the following information: compute (a) Inventory turnover; (b) Average daily cost of merchandise sold;and (c) Number of days' sales in inventory for 2011.Use a 365-day year.(d) If an inventory turnover of 12 is average for the industry,how is this company doing?

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Definitions:

Internal Stakeholders

Individuals or groups within an organization who are directly impacted by its actions, decisions, and outcomes, such as employees, managers, and owners.

External Stakeholders

Individuals or groups outside of a company who are affected by or have an interest in its operations, such as customers, suppliers, and the community.

Managerial Information

Information that is relevant and useful to company management for decision-making purposes, often encompassing financial, operational, and strategic data.

Managerial Information

This refers to the data and reports that are specifically prepared for managers within an organization to aid in strategic planning, decision-making, and operational control.