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A company reports the following: Cost of goods sold $1,357,800 Average Inventory 219,000 Determine the (a) inventory turnover, and (b) number of days' sales in
A company reports the following: Cost of goods sold $1,357,800 Average Inventory 219,000 Determine the (a) inventory turnover, and (b) number of days' sales in inventory. Round your answers to one decimal place. Assume a 365-day year. a. Inventory turnover b. Number of days' sales in Inventory days
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
IFRS edition volume 2
978-0470613474, 470613475, 978-0470616314
