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Assignment 3.4 Exercises Problem 3: Calculating Inventory Turnover The Piccolo Corporation has ending inventory of ( $ 3,720,180 ). Material costs for the year just
Assignment 3.4 Exercises Problem 3: Calculating Inventory Turnover The Piccolo Corporation has ending inventory of \\( \\$ 3,720,180 \\). Material costs for the year just ended were \\( \\$ 4,573,820 \\). a) What is the inventory turnover? b) What is the days' sales in inventory? c) If the company's Inventory Turnover is unusually low, what might this indicate? Use the Template Provided Below to Create Your Solution - Pay close attention to the formulas and formatting of the inputs. Input area: Ending Inventory Cost of Goods sold Output area: Inventory Turnover Days' Sales in Inventory Intepretation: What might an unusually low Inventory Turnover indicate
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