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Information on the activities of Crane Toys Ltd. is as follows: 2020 Cost of goods sold $884.540 Average inventory 123,200 2021 $988 250 155,820 2022
Information on the activities of Crane Toys Ltd. is as follows: 2020 Cost of goods sold $884.540 Average inventory 123,200 2021 $988 250 155,820 2022 $1,181,890 200.480 2023 $1,384,920 319.040 2024 $1,442,890 438,240 (a) Do a trend analysis of the inventory turnover for each year. Also calculate the days to sell inventory ratio for the respective years. (Round inventory turnover to 2 decimal places, e.g. 18.42 and number of days to 1 decimal place, e.g. 13.6.) Inventory Turnover Number of
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