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Annies Attic has the following information covering three consecutive years of operation. YR 1 YR 2 YR 3 Cost of goods sold $238,000 $375,000 $495,000
Annies Attic has the following information covering three consecutive years of operation. YR 1 YR 2 YR 3 Cost of goods sold $238,000 $375,000 $495,000 Ending inventory $120,000 $150,000 $180,000 Instructions: (1) Calculate the days' sales in inventory for each year, rounded to the nearest full day. (6 marks) (2) Comment on the trend in inventory management. (2 marks)
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