The following information for Whittier Technologies was taken from the company's financial statements (amounts in thousands): Instructions:

Question:

The following information for Whittier Technologies was taken from the company's financial statements (amounts in thousands):
The following information for Whittier Technologies was taken from the

Instructions:
1. Compute the inventory turnover and the number of days' sales in inventory for the years 2011-2013. Use average inventory in your calculations.
2. Evaluate Whittier's inventory turnover trend.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Intermediate Accounting

ISBN: 978-0538479738

18th edition

Authors: Earl K. Stice, James D. Stice

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