Sandy Shores, Inc reported the following amounts in its financial statements: 2017 2016 Average merchandise inventory $ 200,000 $ 120,000 Cost of goods sold 4,000,000 3,000,000 From 2016 to 2017, the company's management of inventory is
a. declining, because the number of days' sales in inventory is getting larger.
b. increasing, because the number of days' sales in inventory is getting larger.
c. declining, because the number of days' sales in inventory is getting smaller.
d. increasing, because the number of days' sales in inventory is getting smaller.
a
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Risks associated with costs can be reduced by each of the following except
A) considering many design alternatives before choosing the design. B) creating a project schedule and striving to adhere to it. C) identifying and monitoring the key cost drivers. D) identifying critical tasks and their interdependencies.
When interest rates rise, individuals who make deposits will earn a ________ rate of interest, while individuals who need to borrow funds will have to pay a ________ rate
A) higher; lower B) lower; higher C) higher; higher D) lower; lower