1. build the excel for retained earnings statement and calculate theinventory turnover and days

1.From the information above prepare a retained earnings statement. 2.Compute the inventory turnover and days in inventory for 2016. Inventory in December 31, 2015 was $21000. Inventory turnover in 2015 was 3.0 times. Show all the calculations please! Thx! That is the answer form Statement of Retained Earnings Year Ended December 31, 2016 Retained Earnings 12/31/2015 $ 0.00 Retained Earnings 12/31/2016 $