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A company has the following items for the fiscal year 2020: Revenue = 10 million Cost of goods sold = 3 million Inventory = 0.5
- A company has the following items for the fiscal year 2020:
- Revenue = 10 million
- Cost of goods sold = 3 million
- Inventory = 0.5 million
- Total current assets = 4 million
Calculate the companys Inventory turnover and Inventory period
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