-7 0 n https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre: W W6 ch 17 / 21 eBook Show Me How Calculator 1. EX.17-02.BLANKSHEET Inventory Analysis ? The following data were extracted from the income statement of Keever Inc.: 2. EX.17-05.BLANKSHEET Current Year Previous Year 3. EX.17-11 Sales $18,500,000 $20,000,000 4. EX.17-14 Beginning inventories 940,000 860,000 Cost of goods sold 9,270,000 10,800,000 5. EX.17-17 Ending inventories 1,120,000 940,000 6. EX.17-22 a. Determine for each year (1) the inventory turnover and (2) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. 7. PR.17-04A.BLANKSHEET Current Year Previous Year 8. EX.21-04 1. Inventory turnover 2. Number of days' sales in inventory days days 9. EX.21-05 b. The inventory position of the business has deteriorated . The inventory turnover has decreased , while the number of days' 10. EX.21-07 sales in inventory has increased . The sales volume has declined faster than the inventory, resulting in a deteriorating inventory position. 11. EX.21-09 12. EX.21-15 13. EX.21-22 14. EX.21-23 Progress: 3/16 items Check My Work 1 more Check My Work uses remaining. Previous Next