Question: Based on the following information. computer (a) inventory turnover , (b) number of days sales in inventory for the current year. Used 365 day year.

Based on the following information. computer (a) inventory turnover , (b) number of days sales in inventory for the current year. Used 365 day year. (c) if the inventory turnover of 12 is average for the industry, how is the company doing?

Item Prior Year Current Year

Cost of Merchadise sold. $172900. $215000

Inventory 18000 12000

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