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11 8E6-9 At December 31, 2010, the following information was available for J. Graff Company: ending inventory $40,000, beginning inventory $60,000, cost of goods sold

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11 8E6-9 At December 31, 2010, the following information was available for J. Graff Company: ending inventory $40,000, beginning inventory $60,000, cost of goods sold $270,000, and sales rev- enue $380,000. Calculate inventory turnover and days in inventory for J. Graff Company

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