Based on the following information: compute (a) Inventory turnover; (b) Average daily cost of merchandise sold;and (c) Number of days' sales in inventory for 2011.Use a 365-day year.(d) If an inventory turnover of 12 is average for the industry,how is this company doing?

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The Answer of Based on the following information: compute (a) Inventory turnover; (b) Average daily cost of merchandise sold;and (c) Number of days' sales in inventory for 2011.Use a 365-day year.(d) If an inventory turnover of 12 is average for the industry,how is this company doing?

Based on the Following Information: Compute (A) Inventory Turnover; (B)