Unformatted text preview: therefore the person
in charge of collections is not doing a
good job. 2.45 The company turned over or sold their
inventory 2.45 times during the year. Average Days' Sales
365 / 2.45 = 148.98 days On average, the company has 148.98
days of sales in stock, which is too high.
It is very costly to store inventory. The
purchasing manager or the production
manager is not doing a good job....
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- Fall '14
- Balance Sheet, Expense, Generally Accepted Accounting Principles