Tara Whitney was interested in controlling her company's inventory because she knew that excess inventories were expensive

Question:

Tara Whitney was interested in controlling her company's inventory because she knew that excess inventories were expensive in that they tied up funds. On the other hand insufficient inventory levels could result in lost sales. Whitney obtained the following inventory information from her trade association, which reported average figures for companies similar to hers:
Days' inventory ............................38 days
Inventory turnover ........................11 times
Whitney had the following information from last year, which she considered to be a typical year for her company:
Cost of sales .................................$300,000
Beginning inventory ........................ 58,160
........................... 62,880
Required:
How does Tara Whitney's company's inventory compare with that of other similar companies? Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...