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A manufacturing company reports the following information. Current Year $ 162,000 2,120,400 Raw materials inventory, ending Raw materials used 1 Year Ago $ 191,400

A manufacturing company reports the following information. Current Year $ 162,000 2,120,400 Raw materials inventory, ending Raw materials used 1 Year Ago $ 191,400 2,728,600 2 Years Ago $ 198,400 2,855,000 Required: 1. Compute raw materials inventory turnover for the most recent two years. 2. Is the current year change in raw materials inventory turnover ratio favorable or unfavorable? 3. Compute days' sales in raw materials inventory for the current year.

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