[Solved] 3 Accounting Ratios (4 Marks) Annie's Att

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3 Accounting Ratios (4 Marks) Annie's Attic has the following information covering three consecutive years of operation. YR 1 YR 2 YR 3 Cost of

3 Accounting Ratios (4 Marks) Annie's Attic has the following information covering three consecutive years of operation. YR 1 YR 2 YR 3 Cost of goods sold $238,000 $120,000 $375,000 $150,000 $495,000 $180,000 Ending inventory Instructions: (1) Calculate the days' sales in inventory for each year, rounded to the nearest full day. (3 marks) (2) Comment on the trend in inventory management. (1 mark)

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