Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac

تمرين 8

Inventory analysis
The following data were extracted from the income statement of Keever 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 conclusion can be drawn from these data concerning the inventories?