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A company reports the following amounts for 2018: $ Inventory (beginning) Inventory (ending) Purchases Purchase returns 18,000 32,000 200,000 12,000 Calculate cost of goods sold,
A company reports the following amounts for 2018: $ Inventory (beginning) Inventory (ending) Purchases Purchase returns 18,000 32,000 200,000 12,000 Calculate cost of goods sold, the inventory turnover ratio, and the average days in inventory for 2018. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.) Cost of goods sold Inventory turnover ratio Average days in inventory times days
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