8. The table below presents data for CGS and ending inventory for the last six months of the most recent fiscal year for Claire Bear, Inc. July CGS $100 Inventory $40 August $150 $50 - September October $225 $200 $62 $62 DIH July (Inventory / CGS) * 365 = (40/ 100) * 365 = 146 a. For each month, calculate the DIH and inventory turnover. Assume each month has 30 days. DIH August = (Inventory / CGS) * 365 = (50/ 150)* 365 121 667 November December $125 $42 $90 $28 Short-Term Financial Management, 6th Edition Chapter 4: Inventory Management b. What trends do you find in part a? Comment on what is happening to the investment in inventory.