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1. Bobaflex Corporation has ending inventory of:$546,942 Cost of goods sold for the year just ended was:$8,175,102 (Do not round intermediate calculations and enter your

1. Bobaflex Corporation has ending inventory of:$546,942

Cost of goods sold for the year just ended was:$8,175,102

(Do not round intermediate calculations and enter your answers rounded to 2 decimal places, e.g., 32.16.)

What is the inventory turnover? _________ times

The days' sales in inventory? __________ days

2. For the past year, Coach, Inc., had a cost of goods sold of: $93,048

At the end of the year, the accounts payable balance was: $22,965

(Do not round intermediate calculations and enter your answers rounded to 2 decimal places, e.g., 32.16.)

How long on average in days did it take the company to pay off its suppliers during the year?

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