a. Why is it advantageous to have a high inventory turnover? b. Is it possible to have a high inventory turnover and a high number of days’ sales in inventory? Discuss. What do the following data...

a. Why is it advantageous to have a high inventory turnover?

b. Is it possible to have a high inventory turnover and a high number of days’ sales in inventory? Discuss.

What do the following data taken from a comparative balance sheet indicate about the company’s ability to borrow additional funds on a long-term basis in the current year as compared to the preceding year?