Question: The following data were extracted from the income statement of 148774

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


a. Determine for each year
(1) The inventory turnover
(2) The number of days’ sales in inventory. Round to nearest dollar and two digits after the decimal place.
b. What conclusions can be drawn from these data concerning theinventories?
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  • CreatedNovember 13, 2012
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