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accounts View Policies Current Attempt In Progress Sheridan Company reported the following information for a three-year period: 2021 2020 Ending inventory 2019 $19,000 $28,000 Sales
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View Policies Current Attempt In Progress Sheridan Company reported the following information for a three-year period: 2021 2020 Ending inventory 2019 $19,000 $28,000 Sales $34,000 139.000 143,000 Cost of goods sold 111,000 59,770 69490 47.730 Profit 27,000 40.000 42.000 Calculate the inventory turnover, days sales in Inventory, and gross profit margin for 2021 and 2020. (Round answers to O decimal places, e.g. 52. Round other answers to 2 decimal places, eg. 52.75. Use 365 days for calculati Step by Step Solution
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