Inventory Analysis The following data were extracted from the income statement of Brecca Systems Inc. Preceding Year Current Year $1,377,915 140,275 835,100 150,275 1,533,000 150,275 876,000 120,275 Sales Beginning inventories Cost of goods sold Ending inventories a. (1). Determine for kach year the inventory tumover. Round to one decimal place. Current year Preceding year ). Determine for each year the number of days sales in inventory, Assume there are 365 days in the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimal place. days Current year days Preceding year b. What conclusions can be drawn from the data concerning the inventories? KPrew Next Previous Treasury Stock Transactions Blue Moon Water Supply Inc, bottles and distributes shares of its common stock at $69 per share. spring water. On July 17 of the current year, Blue Moon Water Supply reacquired 6,300 a. What is the balance of Treasury Stock on December 31 of the current year? b. Where will the balance of Treasury Stock be reported on the balance sheet? c. All of the following are reasons that Blue Moon Water Supply may have purchased the treasury stock except: Next Previous