The following data are taken from the financial statements:? 
(a)Determine for each year:
(1)Inventory turnover (Round answer to one decimal place.)
(2)Number of days' sales in inventory (Round intermediate calculation to the nearest whole number and your final answer to two decimal places.)
(b)Comment on the favorable and unfavorable trends revealed by the data.
Correct Answer:
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(b)Sales decreased while...View Answer
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