A company reports the following: Cost of goods sold ............. $680,000 Average inventory ................. 94,500 Determine (a)

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A company reports the following:

Cost of goods sold ............. $680,000
Average inventory ................. 94,500

Determine

(a) The inventory turnover and

(b) The number of days’ sales in inventory. Round to one decimal place.

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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Question Posted: Apr 14, 2021 06:25 AM

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A company reports the following: Cost of goods sold ............. $680,000 Average inventory ................. 94,500 Determine (a)

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Accounting

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