The following financial statement data for years ending December 31 115475

The following financial statement data for years ending December 31 for Gillispie Company are shown below.

The following financial statement data for years ending December 31 115475

a. Determine inventory turnover for 2012 and 2011.
b. Determine the number of days€™ sales in inventory for 2012 and 2011. Round to one decimal place.
c. Does the change in inventory turnover and the number of days€™ sales in inventory from 2011 to 2012 indicate a favorable or unfavorabletrend?

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