Culver You, Inc. sells women's clothing online with a target demographic of young professionals entering the...

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Culver You, Inc. sells women's clothing online with a target demographic of young professionals entering the workforce after graduation. Within the past year, management has noticed a decline in sales for items including t-shirts and maxi dresses, while suits and leggings have seen an increase in sales. Sales Cost of Goods Sold Inventory, beginning Inventory, ending (a1) Year 1 $2,434,000 $2,911,000 991,670 1,063,905 89,500 213,300 160,000 213,300 Year 2 Management wants to evaluate the overall financial health of the company, so they look at the company's inventory and the efficiency at managing that inventory through fluctuations in sales. Management wants to know if decreases in sales for some items are of concern or if increases in sales of other items offset them. What is the inventory turnover for each year? (Round answers to 2 decimal places, e.g. 52.75.) Inventory turnover in Year 1 Inventory turnover in Year 2 Culver You, Inc. sells women's clothing online with a target demographic of young professionals entering the workforce after graduation. Within the past year, management has noticed a decline in sales for items including t-shirts and maxi dresses, while suits and leggings have seen an increase in sales. Sales Cost of Goods Sold Inventory, beginning Inventory, ending (a1) Year 1 $2,434,000 $2,911,000 991,670 1,063,905 89,500 213,300 160,000 213,300 Year 2 Management wants to evaluate the overall financial health of the company, so they look at the company's inventory and the efficiency at managing that inventory through fluctuations in sales. Management wants to know if decreases in sales for some items are of concern or if increases in sales of other items offset them. What is the inventory turnover for each year? (Round answers to 2 decimal places, e.g. 52.75.) Inventory turnover in Year 1 Inventory turnover in Year 2

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The inventory turnover ratio is a measure of how efficiently a company manages its inve... View the full answer