Question: The following data were extracted from the income statement of

The following data were extracted from the income statement of Brecca Systems Inc.:


a. Determine for each year
(1) The inventory turnover
(2) The number of days’ sales in inventory. Round to nearest dollar and one decimal place.
b. What conclusions can be drawn from these data concerning theinventories?
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  • CreatedMarch 11, 2014
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