Effective management of inventory is critical for most companies. Changes in the levels of inventory should be consistent with changes in the level of sales and cost of goods sold (COGS). For example, if the inventory balance increases sharply without a corresponding change in COGS, it may signal poor inventory management practices or sales expectations that did not materialize. Provide the following detailed information regarding sales, COGS and inventory: REQUIRED: Industry information from Reuters must be inserted and any industry ratio work for the SLA linked to this data Current Year Prior Year % Change REQUIRED: the company's IS, Stmt of SE, BS, and Stmt of CF must be inserted and all your work for the SLA linked to these financial statements Inventory Sales revenue Cost of goods sold Gross profit Gross profit margin (96) Calculate the Sales Growth Rate (above) for the current year and compare to industry average. Discuss your findings. [type narrative here Calculate the Gross Margin % (above) for each year and compare to industry average. Discuss your findings. [type narrative here] Which inventory costing method(s) does your company use? [type narrative here] Is the change in Inventory similar or different to the change in COGS? Analyze and discuss the meaning or implications of any differences you observe Consider change in Sales as well. [type narrative here] Calculate Inventory Turnover and Average Days to Sell Inventory for each year and compare to industry average. (can use ending balance for prior year denominator). Discuss your findings. [type narrative here] Ratio Formula Current Year Prior Year Industry GoPro is our company. Make sure you keep a copy of the financial statements. For this case study you will need to also look at the financial statements for 2016 so you can get the 2015 inventory data. Effective management of inventory is critical for most companies. Changes in the levels of inventory should be consistent with changes in the level of sales and cost of goods sold (COGS). For example, if the inventory balance increases sharply without a corresponding change in COGS, it may signal poor inventory management practices or sales expectations that did not materialize. Provide the following detailed information regarding sales, COGS and inventory: REQUIRED: Industry information from Reuters must be inserted and any industry ratio work for the SLA linked to this data Current Year Prior Year % Change REQUIRED: the company's IS, Stmt of SE, BS, and Stmt of CF must be inserted and all your work for the SLA linked to these financial statements Inventory Sales revenue Cost of goods sold Gross profit Gross profit margin (96) Calculate the Sales Growth Rate (above) for the current year and compare to industry average. Discuss your findings. [type narrative here Calculate the Gross Margin % (above) for each year and compare to industry average. Discuss your findings. [type narrative here] Which inventory costing method(s) does your company use? [type narrative here] Is the change in Inventory similar or different to the change in COGS? Analyze and discuss the meaning or implications of any differences you observe Consider change in Sales as well. [type narrative here] Calculate Inventory Turnover and Average Days to Sell Inventory for each year and compare to industry average. (can use ending balance for prior year denominator). Discuss your findings. [type narrative here] Ratio Formula Current Year Prior Year Industry GoPro is our company. Make sure you keep a copy of the financial statements. For this case study you will need to also look at the financial statements for 2016 so you can get the 2015 inventory data