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678 Question 9 of 19 The financial statements of Pina Colada Corporation for fiscal 2018 to fiscal 2020 are as follows (in thousands Fiscal 2018

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678 Question 9 of 19 The financial statements of Pina Colada Corporation for fiscal 2018 to fiscal 2020 are as follows (in thousands Fiscal 2018 Inventory Sales Gross margin Net income Fiscal 2020 $300,700 1352000 490.000 31.800 Fiscal 2019 $319,000 1334,500 484400 50 100 $303.900 1270.600 458.700 37.800 (a Calculate Pina Colada's (1) inventory turnover and (2) average days to sell inventory for each of the two years ending in 2020 and 2019. (Round Inventory turnover ratio to 2 decimal places, . 52.75 and average days to decimal places 527. Use 365 days for calculation Fiscal 2020 Fiscal 2019 (1) Inventory Turnoverato Averee days to sell twentory times bere davi Textbook and Media Attempts of used SA & 7 7 3 2 51 5 9 6 8 W E R T Y U 0 ta S D F G H J K as lock Z X C V B N M 0

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