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Consolidated SW Inc. Financials Balance Sheet Income Statement 2016 2017 2016 2017 14,400 16,481 280 283 Net sales Cost of good sold Depreciation 11,664 14,018

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Consolidated SW Inc. Financials Balance Sheet Income Statement 2016 2017 2016 2017 14,400 16,481 280 283 Net sales Cost of good sold Depreciation 11,664 14,018 240 232 Assets Cash and securities Accounts receivable Inventories Total current assets Net fixed assets 1,296 1,484 560 547 EBIT 1,440 979 1,080 1,062 54 52 2,920 3,138 Interest expense Tax (25%) 347 232 4,200 Net Income 1,039 695 439 Total assets 4,000 Liabilities and Owners' Equity Accounts payable 440 Short-term notes 200 Total current 640 liabilities Long-term debt 442 Common stock 729 217 656 426 919 2,189 2,199 Retained earnings Total liabilities and owners' equity 4,000 4,200 Financial statements for SW Inc. are presented above. Calculate the most recent days' sales in inventory ratio and, if the industry average is 11.82, how does it compare with their overall competition 18.84 suggesting SW Inc sells through their inventory slower than the industry 16.38 suggesting SW Inc sells through their inventory faster than the industry 14.24 suggesting SW in sells through their inventory slower than the industry 16.38 suggesting SW Inc sells through their inventory slower than the industry 14.24 suggesting SW Inc sells through their inventory faster than the industry

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