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ABC Store had sales of $500,000 and an average inventory of $100,000. Calculate the inventory turnover ratio and the number of days' sales in inventory.
ABC Store had sales of $500,000 and an average inventory of $100,000. Calculate the inventory turnover ratio and the number of days' sales in inventory.
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
4th edition
1259578542, 978-1259578540
