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The following information was reported for Blossom Industries: 2019 2020 2021 Ending Inventory $ 165,000 $ 188,000 $ 259,000 Cost of Goods sold $ 528,325
The following information was reported for Blossom Industries: 2019 2020 2021 Ending Inventory $ 165,000 $ 188,000 $ 259,000 Cost of Goods sold $ 528,325 $ 563,035 $ 737,550 Calculate the inventory turnover and average days for both 2020 and 2021. (Round Inventory turnover to 2 decimal places, e.g. 15.75 and Average days to 1 decimal place, e.g. 15.1. Use 365 days for calculation.) 2020 2021 Inventory turnover times times Average days days days Comment on th worsened quidity. improved Blossom has its liquidity
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