Illustrate what conclusions can be drawn from these data

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Reference no: EM1364267

The following data were extracted from the income statement of Boston Solutions, Inc.
2010 2009
Sales $1,139,600 $1,192,320
Beginning inventories 80,000 64,000
Cost of goods sold 500,800 606,000
Ending inventories 72,000 80,000

Required:

(1) Determine for each year:

a. The inventory turnover; and

b. The number of days' sales in inventory. Round to nearest dollar and one decimal place.

(2) What conclusions can be drawn from these data concerning the inventories?

Reference no: EM1364267

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