Inventory Turnover the Rigby Supplement Company showed the following data in its financial statements.

1. Compute the number of days€™ sales in average inventory for both 2010 and 2011. What can you infer from these numbers?
2. How would you interpret the answer to (1) if this company were in the business of selling fresh fruits and vegetables? What if the company sold realestate?

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2011 2010 Cost of goods sold Be ginning iventory Ending inventory $1.400,000 $1,125.000 175.000 275.000 275,000 405,000