The following information relates to the activities of Funtime, Inc., a manufacturer of toys (amounts in millions of euros):

a. Compute the inventory turnover for each year.
b. Compute the average number of days that inventories are held each year.
c. Compute the cost of goods sold to sales percentage for each year.
d. How well has Funtime managed its inventories over the threeyears?

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2013 2012 2011 Sales.. . . Cost of Goods Sold.... Average Inventory... 5,970 5,650 5,179 3,038 3,193 406 2,806 415 380