2020 2021 2022 2023 2024 Cost of goods sold $905.120 $1,004,410 $1,217,910 $1,367,700 $1,393,950 Average inventory...

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2020 2021 2022 2023 2024 Cost of goods sold $905.120 $1,004,410 $1,217,910 $1,367,700 $1,393,950 Average inventory 134,060 155,670 206,770 321,720 450,600 (a) Do a trend analysis of the inventory turnover for each year. Also calculate the days to sell inventory ratio fo (Round inventory turnover to 2 decimal places, e.g. 18.42 and number of days to 1 decimal place, e.g. 13.6.) Inventory Turnover 2020 2021 2022 2023 Number of Days days days days days 2024 days 2020 2021 2022 2023 2024 Cost of goods sold $905.120 $1,004,410 $1,217,910 $1,367,700 $1,393,950 Average inventory 134,060 155,670 206,770 321,720 450,600 (a) Do a trend analysis of the inventory turnover for each year. Also calculate the days to sell inventory ratio fo (Round inventory turnover to 2 decimal places, e.g. 18.42 and number of days to 1 decimal place, e.g. 13.6.) Inventory Turnover 2020 2021 2022 2023 Number of Days days days days days 2024 days

Answer rating: 100% (QA)

Inventory Turnover can be computed as Cost of Goods Sold Average Inventory ... View the full answer