Question

The following data were extracted from the income statement of Mountain Sports Inc.:


a. Determine for each year (1) the inventory turnover and (2) the number of days’ sales in inventory. Round to nearest dollar and to two decimal places.
b. What conclusions can be drawn from these data concerning theinventories?


$1.99
Sales0
Views125
Comments0
  • CreatedMay 29, 2012
  • Files Included
Post your question
5000