Solution-What conclusions can be drawn from these data

What conclusions can be drawn from these data

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Reference no: EM132927762

Question - The following data were extracted from the income statement of Martin 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

(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: EM132927762

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What conclusions can be drawn from these data

Reference no: EM132927762

Reference no: EM132927762

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