The following information for Whittier Technologies was taken from the company€™s financial statements (amounts in thousands):

Instructions:
1. Compute the inventory turnover and the number of days€™ sales in inventory for the years 2009€“2011. Use average inventory in your calculations.
2. Evaluate Whittier€™s inventory turnovertrend.

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2011 2010 2009 2008 Sales Cost of goods sold Inventory Accounts receivable Accounts payable. Net Income $60,000 $51,000 $39,000 $30,000 22.200 1,800 4,700 2.400 4,100 41,200 3,000 5,600 2,500 7.260 34,900 2.700 5,200 2,100 6,540 26,500 2,200 5,100 1,900 4.950