5. Boateng Wholesale Ltd. is based in Accra, Ghana. Its sales, cost of goods

sold, and inventory amounts for 2018 and 2019 are shown below. (Currency in

Ghanaian cedi, GH) (20%)

2018 2019

Sales revenue GH 200,000 GH 180,000

Cost of goods sold 100,000 91,000

Beginning inventory 29,000 21,000

Ending inventory 21,000 5,000

Instructions:

1. Determine the inventory turnover and resident period for 2018 and 2019.
2. Give your evaluation on the changes in the amount of Boatengs inventory, the inventory turnover and resident period, and the amount of sales across the two years.