Presented below are selected data from the financial statements of Ripple Company for 2016, 2015, and 2014.
A Calculate Ripple's inventory turnover ratio for 2016 and 2015.
B How many days would it take to sell the entire inventory at December 31, 2016? At December 31, 2015? Assume 360 days in a year.
C What problems do you see in the company's inventory management?

Question

Presented below are selected data from the financial statements of Ripple Company for 2016, 2015, and 2014.
  A Calculate Ripple's inventory turnover ratio for 2016 and 2015.
B How many days would it take to sell the entire inventory at December 31, 2016? At December 31, 2015? Assume 360 days in a year.
C What problems do you see in the company's inventory management?

Quizplus · Accepted Answer

The Answer of Presented below are selected data from the financial statements of Ripple Company for 2016, 2015, and 2014.
  A Calculate Ripple's inventory turnover ratio for 2016 and 2015.
B How many days would it take to sell the entire inventory at December 31, 2016? At December 31, 2015? Assume 360 days in a year.
C What problems do you see in the company's inventory management?

Presented Below Are Selected Data from the Financial Statements of Ripple