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a. Determine the inventory turnover for both companies. Round all calculations to one decimal place. b. Determine the days sales in inventory for both companies.
a. Determine the inventory turnover for both companies. Round all calculations to one decimal place.
b. Determine the days sales in inventory for both companies. Use 365 days and round all calculations to one decimal place.
c. Interpret the difference in inventory efficiency based on the companies respective product types.
\begin{tabular}{lcc} & MonsterBeverage & Brown-Forman \\ \hline Cost of goods sold & $1,512 & $973 \\ Inventories: & 256 & 1,379 \\ Beginning of year & 278 & 1,520 \end{tabular}Step by Step Solution
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