Sanchez Wholesale, Inc., has the following information for the years ending May 31, 2012 and 2011: Requirements 1. Compute the rate of inventory turnover for Sanchez Wholesale, Inc., for the years ended May 31, 2012 and 2011. Round the result to two decimal places. 2. Compute the days-sales-in-inventory for Sanchez Wholesale, Inc., for the years ended May 31, 2012 and 2011. 3. What is a likely cause for the change in the rate of inventory turnover from 2011 to2012?
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