Analyzing inventories over three years. The following information relates to the activities of Mattel, a manufacturer of

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Analyzing inventories over three years. The following information relates to the activities of Mattel, a manufacturer of toys (amounts in millions): m Year 11 Year 12 Year 13 Sales Cost of Goods Sold Average Inventory .

$4,688 $4,885 $4,960 2,539 2,524 2,531 488 413 388

a. Compute the inventory turnover for each year.

b. Compute the average number of days that inventories are held each year.

c. Compute the cost of goods sold to sales percentage for each year.

d. How well has Mattel managed its inventories over the three years?

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