Problem

Inventory TurnoverRouse Incorporated reported sales, cost of sales, and inventory figures...

Inventory Turnover

Rouse Incorporated reported sales, cost of sales, and inventory figures for 2010 and 2011 as follows (all dollars in thousands):

 

Sales

Cost ofGoods Sold

Inventory

2010

$100

$85

$27

2011

110

90

35

What is. the amount of inventory turnover for each year, and in which year did Rouse manage its inventory most efficiently?

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