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A company reports the following: Cost of goods sold $428,145 Average inventory 50,370 Determine (a) the inventory turnover and (b) the number of days' sales

A company reports the following:

Cost of goods sold $428,145
Average inventory 50,370

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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