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Inventory $ 22,966 $ 24,870 $ 22,708 Cost of sales 126,336 113,598 117,515 Required: For the most recent two years compute Samsungs (a) inventory turnover
Inventory $ 22,966 $ 24,870 $ 22,708 Cost of sales 126,336 113,598 117,515 Required: For the most recent two years compute Samsungs (a) inventory turnover and (b) days sales in inventory. Is the change in Samsungs inventory turnover favorable or unfavorable? Did the current-year inventory turnover for Samsung underperform or outperform the industry's average turnover of 15
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