Question: Current Attempt in Progress The following information was reported for Oriole Industries: 2019 2020 2021 Ending Inventory $160,000 $195,000 $236.000 Cost of Goods sold

Current Attempt in Progress The following information was reported for Oriole Industries:

Current Attempt in Progress The following information was reported for Oriole Industries: 2019 2020 2021 Ending Inventory $160,000 $195,000 $236.000 Cost of Goods sold $520.325 $543.150 $743.475 -/3 Calculate the inventory turnover and average days for both 2020 and 2021. (Round Inventory turnover to 2 decimal places, ca. 15.75 and Average days to 1 decimal place, eg. 15.1. Use 365 days for calculation.) Inventory turnover Average days 2020 times Comment on the company's liquidity. Oriole has its liquidity. days 2021 times days

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