Question: The following financial statement data for years ending December 31

The following financial statement data for years ending December 31 for Tango Company are shown below.


a. Determine the inventory turnover for 2014 and 2013.
b. Determine the number of days’ sales in inventory for 2014 and 2013. Round to one decimal place.
c. Does the change in inventory turnover and the number of days’ sales in inventory from 2013 to 2014 indicate a favorable or an unfavorabletrend?
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  • CreatedFebruary 28, 2014
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