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Compute raw materials inventory turnover

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Reference no: EM132952770

A manufacturing company reports the following information.

                                                Current Year                      1 Year Ago        2 Years Ago

Raw materials inventory, ending          $ 169,600                    $ 190,600              $ 197,600

Raw materials used                         1,981,100                     2,329,200               2,775,000

Required:

Problem 1. Compute raw materials inventory turnover for the most recent two years.

Problem 2. Is the current year change in raw materials inventory turnover ratio favorable or unfavorable?

Problem 3. Compute days' sales in raw materials inventory for the current year.

Reference no: EM132952770

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