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A company reports the following: Cost of goods sold $328,500 Average inventory 73,000 Determine (a) the inventory turnover and (b) the number of days' sales
A company reports the following: Cost of goods sold $328,500 Average inventory 73,000 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.
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