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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

  1. build the excel for retained earnings statement and calculate theinventory turnover and days
image text in transcribed 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

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