Question: Calculate the Inventory Turnover Ratio for ABC Co using the following information. Your answer should be entered as a number to the nearest single decimal

Calculate the Inventory Turnover Ratio for ABC Co using the following information. Your answer should be entered as a number to the nearest single decimal such as 5.1. Cost of goods sold for 2022 - $1,200,000 Inventory on 12/31/2021 $210,000 Inventory on 12/31/2022 $190.000 Calculate the Days to sell using the following information. Your answer should be a entered as a number to the nearest single decimal such as 75.2. Cost of goods sold for 2022 - $1,000,000 Inventory on 12/31/2021 - $210,000 Inventory on 12/31/2022 $190,000

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6. Are there assumptions that should be tested prior to making the decision?

1. Who is responsible for resolving this dilemma?

3. What is at stake for you? What are your values? Are there motives that may be persuading you in one direction instead of another?