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Whispering Winds Foods Inc reported inventory of $4,200 million at the end of its 2023 fiscal year and $3,900 million at the end of its
Whispering Winds Foods Inc reported inventory of $4,200 million at the end of its 2023 fiscal year and $3,900 million at the end of its 2022 fiscal year. It reported cost of goods sold of $26,163 million for the fiscal year 2023 and net sales of $40,230 million for fiscal year 2023. Calculate the company's inventory turnover and the average days to sell inventory for the fiscal year 2023. (Round answers to 2 decimal ploces, es. 52.75. Use 365 days for calculation.) Inventory Turnover Ratio times per year Average days to sell inventory days If the turnover ratio was six times in 2022, was there an improvement or a deterioration in the company's ability to turn over inventory in 2023? Inventory turnover
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