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Inventory Turnover and Days ' Sales in InventoryFinancial statement data for years ending December 3 1 for Tango Company follows:a . Determine the inventory turnover
Inventory TurnoverandDays Sales in InventoryFinancial statement data for years ending December for Tango
Company follows:aDetermine the inventory turnover for
Y and Y Round to one decimal place.bDetermine the days' sales in inventory
for Y and Y Assume days a year. Round interim
calculations and final answers to one decimal place.cDoes the change in inventory turnover
and the days' sales in inventory from Y to Y indicate a
favorable or an unfavorable trend?
Unfavorable
Inventory turnover and number of days' sales in inventory
Financial statement data for years ending December for Tango Company follow:
table
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