Use the following selected financial information to answer the questions that follow.
A)Calculate this company's inventory turnover ratio for 2021 and 2020.
B)Determine the number of days it would take to turn over the entire inventory at December 31, 2021 and 2020.
C)What problems are apparent with the company's inventory management?

Question

Use the following selected financial information to answer the questions that follow.   
A)Calculate this company's inventory turnover ratio for 2021 and 2020. 
B)Determine the number of days it would take to turn over the entire inventory at December 31, 2021 and 2020. 
C)What problems are apparent with the company's inventory management?

Quizplus · Accepted Answer

The Answer of Use the following selected financial information to answer the questions that follow.   
A)Calculate this company's inventory turnover ratio for 2021 and 2020. 
B)Determine the number of days it would take to turn over the entire inventory at December 31, 2021 and 2020. 
C)What problems are apparent with the company's inventory management?

Use the Following Selected Financial Information to Answer the Questions