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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

  1. 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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