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The following information was reported for Wildhorse Industries: 2019 2020 2021 Ending Inventory $149,000 $198,000 $247,000 Cost of Goods sold $520,325 $556,935 $740,925 Calculate the
The following information was reported for Wildhorse Industries: 2019 2020 2021 Ending Inventory $149,000 $198,000 $247,000 Cost of Goods sold $520,325 $556,935 $740,925 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 the company's liquidity. Wildhorse has its liquidity
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