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Determine the days sales in inventory

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Question - The following financial statement data for years ending December 31 for Holland Company are shown below.

 

20Y4

20Y3

Cost of materials sold

$1,007,400

$640,794

Inventories:

 

 

Beginning of the year

$179,580

$125,560

End of year

258,420

179,580

a. Determine the inventory turnover for 20Y4 and 20Y3.

b. Determine the days' sales in inventory for 20Y4 and 20Y3. Assume 365 days a year.

c. Does the change In Inventory turnover and the days' sales In Inventory from 20Y3 to 20Y4 indicate a favorable or an unfavorable trend?

Reference no: EM131735263

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