Question
Information on the activities of Sunland Toys Ltd. is as follows: 2020 2021 2022 2023 2024 Cost of goods sold $925.340 $976,630 $1.166,370 $1,346,870
Information on the activities of Sunland Toys Ltd. is as follows: 2020 2021 2022 2023 2024 Cost of goods sold $925.340 $976,630 $1.166,370 $1,346,870 $1,356,670 Average inventory 128,860 164,090 200.910 320,830 438,110 (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 2020 2021 2022 2023 Number of Days days days days days
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