2GFU Corporation the following financial data for the years 2014 and 2015:

a. Compute inventory turnover based on sales for each year.
b. Compute inventory turnover based on cost of goods sold for each year.
c. What observations can you reach based on the calculations in parts a and b?

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2014 2015 Sales ... $3,500,000 $4,200,000 Cost of goods sold 2,500,000 3,500,000 Inventory.... 250,000 300,000