Business, 27.09.2019 17:30 mariap3504

Financial statement data for years ending december 31 for holland company follows: 20y4 20y3 cost of merchandise sold $4,504,500 $3,715,200 inventories: beginning of year 788,000 760,000 end of year 850,000 788,000 a. determine the inventory turnover for 20y4 and 20y3. round to one decimal place. inventory turnover 20y4 20y3 b. determine the days' sales in inventory for 20y4 and 20y3. assume 365 days a year. round interim calculations and final answers to one decimal place. days' sales in inventory 20y4 days 20y3 days c. does the change in inventory turnover and the days' sales in inventory from 20y3 to 20y4 indicate a favorable or an unfavorable trend?

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Financial statement data for years ending december 31 for holland company follows: 20y4 20y3 cost o...