Information on the activities of Sheridan Toys Ltd. is as follows: 2020 2021 2022 2023 2024...
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Information on the activities of Sheridan Toys Ltd. is as follows: 2020 2021 2022 2023 2024 $1,348,840 $1,342,020 204,360 315,250 444,400 Cost of goods sold $878,600 $1,007,290 $1,231,320 152,090 Average inventory 125,310 (a) Do a trend analysis of the inventory turnover for each year. Also calculate the days to sell inventory ratio for the (Round inventory turnover to 2 decimal places, e.g. 18.42 and number of days to 1 decimal place, eg. 13.6.) Inventory Turnover 2020 2021 2022 2023 Number of Days days days days days days 2024 Information on the activities of Sheridan Toys Ltd. is as follows: 2020 2021 2022 2023 2024 $1,348,840 $1,342,020 204,360 315,250 444,400 Cost of goods sold $878,600 $1,007,290 $1,231,320 152,090 Average inventory 125,310 (a) Do a trend analysis of the inventory turnover for each year. Also calculate the days to sell inventory ratio for the (Round inventory turnover to 2 decimal places, e.g. 18.42 and number of days to 1 decimal place, eg. 13.6.) Inventory Turnover 2020 2021 2022 2023 Number of Days days days days days days 2024
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