QUESTION 2

	The following financial data were taken from the 10-K of Weiss Corporation:
	Selected Accounts	FY 2011	FY 2010	FY 2009
	Current Assets	$ 350,000	$ 400,000	$ 450,000
	Current Liabilities	$ 340,000	$ 300,000	$ 390,000
	Net Revenue	$ 1,400,000	$ 1,500,000	$ 1,450,000
	Cost of Goods Sold	$ 1,120,000	$ 1,020,000	$ 1,180,000
	Inventory	$ 250,000	$ 200,000	$ 280,000
	Accounts Receivable	$ 105,000	$ 110,000	$ 120,000

A. Please calculate the Inventory Turnover in times and days for FY 2011 (5%) Please show your work for full points.

B. Forgot about competitors or industry comparisons, is your calculations in (A) good or bad? Why? (5%)

Please answer ASAP. And no handwriting .