Calculate MHR's inventory turnover ratio and the number of days

Calculate MHR's inventory turnover ratio and the number of days inventory on hand for 2011 and 2010. (The amount of inventory sold in 2011 and 2010 isn't in the income statement-you have to look in the notes for it.) Evaluate the change in turnover over the two-year period.

Inventory Turnover Ratio
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally.    Inventory Turnover Ratio FormulaWhere,...

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