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larr Weekly Assignment 4 Question 10 of 10 -11vdotsvdots Information on the activities of Oriole Toys Ltd. is as follows: 2020 2021 2022 2023 2024
larr Weekly Assignment 4 Question 10 of 10 -11vdotsvdots Information on the activities of Oriole Toys Ltd. is as follows: 2020 2021 2022 2023 2024 Cost of goods sold $851,720 $1,040,460 $1,157,730 $1,381,370 $1,429,680 Average inventory 131,430 155,530 199,700 325,850 438,090 (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.)
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