The following data are taken from the financial statements:
(a) Determine for each year:
(1) the inventory turnover, round answer to one decimal place.
(2) the number of days' sales in inventory. Round intermediate calculations to two decimal places and the final answer to whole number.
(b) Comment on the favorable and unfavorable trends revealed by the data.

Question

The following data are taken from the financial statements:  
(a) Determine for each year:
(1) the inventory turnover, round answer to one decimal place. 
(2) the number of days' sales in inventory. Round intermediate calculations to two decimal places and the final answer to whole number. 
(b) Comment on the favorable and unfavorable trends revealed by the data.

Quizplus · Accepted Answer

The Answer of The following data are taken from the financial statements:  
(a) Determine for each year:
(1) the inventory turnover, round answer to one decimal place. 
(2) the number of days' sales in inventory. Round intermediate calculations to two decimal places and the final answer to whole number. 
(b) Comment on the favorable and unfavorable trends revealed by the data.

The Following Data Are Taken from the Financial Statements