Consolidated SW Inc. Financials

Income Statement				Balance Sheet
	2016		2017	Assets	2016			2017
Net sales	24,800		27,077	Cash and securities	320			313
Cost of good sold	19,840		23,178	Accounts receivable	1,120			1,283
Depreciation	2,232		2,437	Inventories	480			489
EBIT	2,728		1,462	Total current assets	1,920			2,085
Interest expense	128		121	Net fixed assets	6,080			6,395
Tax (20%)	520		269	Total assets	8,000			8,480
Net Income	2,080		1,072	Liabilities and Owners' Equity
				Accounts payable		640		611
				Short-term notes		720		809
				Total current liabilities		1,360		1,420
				Long-term debt		1,061		1,008
				Common stock		1,338		1,820
				Retained earnings		4,241		4,232
				Total liabilities and owners equity		8,000		8,480

Financial statements for SW Inc. are presented above. Calculate the most recent days sales in inventory ratio and, if the industry average is 6.78, how does it compare with their overall competition?

		8.86 suggesting SW Inc sells through their inventory slower than the industry
		7.70 suggesting SW Inc sells through their inventory slower than the industry
		8.86 suggesting SW Inc sells through their inventory faster than the industry
		6.70 suggesting SW Inc sells through their inventory slower than the industry
		7.70 suggesting SW Inc sells through their inventory faster than the industry