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A company reports the following: Cost of goods sold $302,950 Average inventory 60,590 Determine (a) the inventory turnover and (b) the number of days'

A company reports the following: Cost of goods sold $302,950 Average inventory 60,590 Determine (a) the inventory turnover and (b) the number of days' sales in inventory, Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. a. Inventory turnover b. Number of days' sales in inventory days

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