Financial Accounting

1. Describe physical controls, independent internal verification, and human resource controls. For each internal control principle, explain what weaknesses are being prevented for the company. (Review pages 339 to 344) ( 100 words)

2.Describe inventory turnover and days in inventory ratios (Review pages 299 to 301). Explain the importance of each ratio and how each ratio assists the investor in evaluating a companys performance. ( 100 words)