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A manufacturing company reports the following information. Required: 1. Compute raw materials inventory turnover for the most recent two years. 2. Is the current year
A manufacturing company reports the following information. 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute days' sales in raw materials inventory for the current year. (Round your answer to 1 decimal plac
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