A company reports the following: Cost of goods sold ............................................$500,000 Average inventory ................................................62,500 Determine (a) The inventory

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A company reports the following:
Cost of goods sold ............................................$500,000
Average inventory ................................................62,500
Determine

(a) The inventory turnover and

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

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Corporate Financial Accounting

ISBN: 9781337398169

15th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Jul 30, 2018 02:06 PM

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A company reports the following: Cost of goods sold ............................................$500,000 Average inventory ................................................62,500 Determine (a) The inventory

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Corporate Financial Accounting

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