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18. A company has the following information (Round all computations to two decimals Year 2 $ 29,380.00 Year 1 $ 27.280.00 Cost of merchandise sold

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18. A company has the following information (Round all computations to two decimals Year 2 $ 29,380.00 Year 1 $ 27.280.00 Cost of merchandise sold Inventory Beginning of year End of year $ $ 2,700.00 2,930.00 $ $ 2.430.00 2,700.00 a Compute the inventory turnover for both years rounding answers to two decimals (4 pts): * is the trend favorable or unfavorable (.5 pts)? b. Compute the days in inventory for both years rounding answers to two decimals (4 pts): *Is the trend favorable or unfavorable (.5 pts)

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