Chapter 17 Homework elook Show Me llow Cakuttol Inventory Analysis 1Fx17Algo 2. EX17-6ALCC 3. CX17 9ALGO 4. EX 17-11 AL 5. EX.17-17 ALGO 6. PR. 17-4.ALCO The rollowing data were extracted trom the Income statement or Brecca Systems Inc.: Beginning inventories Cost of goods sold Ending inventeries d. Leteme for each year (1)th ventory turriover arnd (2) the nurnber of days' sales n irivertory. Round iriterim calculatioens to the nearest dullar and the firial ariswers to one dearnal place. Assumc 365 days a ycar Current Year $757,200 33,112 379,600 29.912 Previaus Year 5788,400 56,780 438,000 33,112 Previous Year 1. Inventory tumover 2. Number af days' sales in Inventary b. The Inventory posltion ot tha business has Improved 7.7X days Tha Inventory turnover has Increased whlle the number ot days' sales In Inventory has decreased 1 the crst of goods sald by the averrage inveniary Average mentoryHeginning invetcry +Ending inventary)-2 12 Divde the acage Inventory by the acrage daly cost at goods scld Avcrago Inventory Boginning Inentoryt Ending nwantory) Averaga naly cnst of goods sad- cst r gonds 365 days Learnng Dtective 2 Cherk My Wark moe Check iy Wark uses remaining Previous Next Progress: 4/6 items ssgnment score: 55.16% Save and Exit Subrnit t for Grading 3:11 PM Type here to search 2/23/2018 13 3:03 PM Type here to search 2/23/2018 13