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Accounting, please help!!! Mercer, Inc., and Tivolian Enterprises are competitors in the toy industry. Last year the companies' operations were identical, the only difference between
Accounting, please help!!!
Mercer, Inc., and Tivolian Enterprises are competitors in the toy industry. Last year the companies' operations were identical, the only difference between them being that Mercer uses the last-in, first-out inventory costing method and Tivolian uses the first-in, first-out method. Inventory prices increased during the year. The two companies reported the following amounts in their financial statements. Calculate inventory turnover for each company. (Round answers to 1 decimal place, e.g. 50.1.) The parts of this question must be completed in order. This part will be available when you complete the part aboveStep by Step Solution
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