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The Hershey Company presents the following data for December 31, 2016. Inventories, beginning of year Inventories, end of year Cost of Goods Sold Net Sales

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The Hershey Company presents the following data for December 31, 2016. Inventories, beginning of year Inventories, end of year Cost of Goods Sold Net Sales S 750,970 745,678 4,282,290 7,440,181 . The inventory turnover in days (use average inventory) is: a. b. 63.6 . 36.6 d. 64.1 e. 63.8 . The prior and current year results for Days' Sales in Inventory are: a. Using information above: Complete 2016 2016 2015 70.74 2014 Days' Sales in Invent b. Tor F: This trend indicates the company is improving its efficiency and effectiveness in managing inventory

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