Information on the activities of Novel-T Toy Company is as follows:

Required:
a. Do a time-series analysis of the inventory turnover for each year. Also calculate the average number of days that inventories are held for the respective years.
b. Is Novel-T Toy Company managing its inventories efficiently? Do you have enough information to answer this question? If not, what else do you need to know?
c. Provide an example of a situation where management may deliberately reduce inventory turnover, but still be operating in the company's best long-term interests.

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2008 2009 2010 2011 2012 Cost of goods sold Average inventory $893,100 $1,002.700 $1.174,500 $1,326,300 $1,391,780 28.450 57.100206,310 323.420442.990