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A company reports the following: Cost of goods sold $610,000 Average inventory 80,000 Determine the (a) inventory turnover, and (b) number of days' sales in
A company reports the following: Cost of goods sold $610,000 Average inventory 80,000 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 fill in the blank 1 b. Number of days' sales in inventory fill in the blank 2 days
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