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A company reports the following:Cost of goods sold$500,000Average inventory62,500Determine (a) the inventory turnover and (b) the number of days sales in inventory. Round to one
"A company reports the following:Cost of goods sold$500,000Average inventory62,500Determine (a) the inventory turnover and (b) the number of days sales in inventory. Round to one decimal place."
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Accounting Theory
Authors: Ahmed Raihi-Belkaoui
5th Edition
1844800296, 978-1844800292
