Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac

تمرين 11

Inventory analysis
The following data were extracted from the income statement of Saleh Inc.:

a. Determine for each year (1) the inventory turnover and (2) the number of days' sales in inventory. Round to the nearest dollar and one decimal place.
b. What conclusions can be drawn from these data concerning the inventories