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6. Calculate Chevron's inventory turnover ratio [CDGS + average inventory) for scal year 2014. What would have been Chevron's inventory turnover ratio if FIFE]| was

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6. Calculate Chevron's inventory turnover ratio [CDGS + average inventory) for scal year 2014. What would have been Chevron's inventory turnover ratio if FIFE]| was used to value all inventories? Which measure of inventory turnover [LIFO or FIFD] is a better measure of Chevron's investment in inventory relative to sales

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