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At the beginning of 2 0 1 9 , Percolate Corp. had inventory of $ 3 3 7 , 0 0 0 . During the
At the beginning of Percolate Corp. had inventory of $ During the year, it purchased $ worth of raw materials and sold $ worth of inventory. Determine the inventory turnover ratio and the days' sales in inventory. Comment on the company's ability to sell its inventory, which has a shelflife of days.
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Below is the past annual information for Java Time Inc. All sales are on credit.
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