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Inventory turnover and number of days' sales in inventory Financial statement data for years ending December 3 1 for Tango Company follow: Inventories: Required a
Inventory turnover and number of days' sales in inventory
Financial statement data for years ending December for Tango Company follow:
Inventories:
Required
a Determine the inventory turnover for Y and Y Round your answers to one decimal place.
b Determine the days' sales in inventory for Y and Y Use days a year. Round your answers to one decimal place.
Y
Number of days' sales in inventory
days
days
c Are the changes in inventory turnover and the days' sales in inventory from Y to Y favorable or unfavorable?
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