A manufacturing company reports the following information. Raw materials inventory, ending Raw materials used Current Year...

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A manufacturing company reports the following information. Raw materials inventory, ending Raw materials used Current Year $ 169,500 2,160,000 1 Year Ago 2 Years Ago $ 190,500 2,522,000 $ 197,500 2,765,000 Required: 1. Compute raw materials inventory turnover for the most recent two years. 2. Is the current year change in raw materials inventory turnover ratio favorable or unfavorable? 3. Compute days' sales in raw materials inventory for the current year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute raw materials inventory turnover for the most recent two years. Current year 1 Year Ago Raw materials inventory turnover < Required 1 Required 2 > A manufacturing company reports the following information. Raw materials inventory, ending Raw materials used Current Year $ 169,500 2,160,000 1 Year Ago 2 Years Ago $ 190,500 2,522,000 $ 197,500 2,765,000 Required: 1. Compute raw materials inventory turnover for the most recent two years. 2. Is the current year change in raw materials inventory turnover ratio favorable or unfavorable? 3. Compute days' sales in raw materials inventory for the current year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute raw materials inventory turnover for the most recent two years. Current year 1 Year Ago Raw materials inventory turnover < Required 1 Required 2 >

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To compute the raw materials inventory turnover for the most recent two years we use the formula Raw ... View the full answer