1. Calculate Inventory Turnover in times and days for FY 2010

2. Is this good or bad? Why?

The following financial data were taken from the 10-K of Weiss Corporation: Selected Accounts Current Assets Current Liabilities Net Revenue Cost of Goods Sold Inventory Accounts Receivable FY 2011 $ 350,000 $ 340,000 $ 1,400,000 $ 1,120,000 $ 250,000 $ 105,000 FY 2010 $ 400,000 $ 300,000 $ 1,500,000 $ 1,020,000 $ 200,000 $ 110,000 FY 2009 $ 450,000 $ 390,000 $ 1,450,000 $ 1,180,000 $ 280,000 $ 120,000 a. Please calculate the Inventory Turnover in time and days for FY 2010.(5%) b. Without comparing to the industry index or a competitor, is the computation in (a) good or bad? Why For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). TTTT Paragraph Arial 3 (12pt) %DOQ T' T. Sx Mashups - 16 T HTML CSS Path:p Wol Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and