Question: Motion Auto has the following information for the years ending December 31, 2014 and 2013: Requirements 1. Compute the rate of inventory turnover for Motion

Motion Auto has the following information for the years ending December 31, 2014 and 2013:

Motion Auto has the following information for the years ending

Requirements
1. Compute the rate of inventory turnover for Motion Auto for the years ended December 31, 2014 and 2013. Round the result to two decimal places.
2. What is a likely cause for the change in the rate of inventory turnover from 2013 to 2014?€ƒ

2013 (In thousands) Sales Revenue Cost of Goods Sold 2014 $242 $239 Beginning Inventory 22 $ 38 144 182 152 Net Purchases Cost of Goods Available 174 Ending Inventory Cost of Goods Sold 13 161 81 Gross Profit Operating Expenses Net Income 160 79 54 25 26

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