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please help with this problem Inventory Turnover and Number of Days' Sales in Inventory The following financial statement data for years ending December 31 for
please help with this problem
Inventory Turnover and Number of Days' Sales in Inventory The following financial statement data for years ending December 31 for Gillispie Company are shown below. a. Determine the inventory turnover for 2016 and 2015. Round to one decimal place. 201 201 b. Determine the number of days' sales in inventory for 2016 and 2015. Assume 365 days a year. Round interim calculations and final answers to one dec c. Does the change in inventory turnover and the number of days' sales in inventory from 2015 to 2016 indicate a favorable or an unfavorable trendStep by Step Solution
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