Essay
A company reported the following data:
Required:
Part a.Calculate the company's inventory turnover for each of the three years.(Round your answers to two decimal points.)
Part b.Calculate the days to sell for each of the three years.(Round your answers to one decimal point.)
Part c.Comment on the company's inventory turnover ratio by describing what it measures,how the changes over the past three years can be interpreted,and what may have caused those changes.
Part d.Comment on the company's days to sell by describing what it measures and how the changes over the past three years can be interpreted.
Correct Answer:
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Part a
Inventory turnover ratio = Cost o...View Answer
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Correct Answer:
Verified
Inventory turnover ratio = Cost o...
View Answer
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