Dartmouth Games reported the following information for a three-year period: Instructions a. Calculate the inventory turnover, days
Question:
Dartmouth Games reported the following information for a three-year period:
Instructions
a. Calculate the inventory turnover, days sales in inventory, and gross profi t margin for 2021 and 2020.
b. Based on this information, does the company?s liquidity appear to be improving or deteriorating?
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a 2021 2020 Inventory turnover 50000 20000 30000 2 200 times 51200 30000 34000 2 160 times Days sale...View the full answer
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Related Book For 
Accounting Principles Volume 1
ISBN: 978-1119502425
8th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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