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(Inventory turnover) Information on the activities of Novel-T Toys Ltd. is as follows: 2016 017 2018 2019 2020 Cost of goods sold $882,210 $1,010,420 $1,175,840
(Inventory turnover) Information on the activities of Novel-T Toys Ltd. is as follows: 2016 017 2018 2019 2020 Cost of goods sold $882,210 $1,010,420 $1,175,840 $1,326,930 $1,395,220 Average inventory 128,800 154,210 205,910 339,200 456,020 (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 Number of days days days days days days 2016 2017 2018 2019 2020
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