Select a retail firm that you think might be concerned about obsolete inventory and another that you

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Select a retail firm that you think might be concerned about obsolete inventory and another that you believe would not be very concerned. Then, find the financial statements and calculate the inventory turnover ratio of these two firms for the past two fiscal years. Are your results what you expected? Explain what you expected to find and your results. (LO 6, 7)

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Financial Accounting

ISBN: 9780131492011

1st Edition

Authors: Jane L. Reimers

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