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BE6-7 At December 31, 2014, the following information was available for J. Simon Com- pany: ending inventory $40,000, beginning inventory $60,000, cost of goods sold
BE6-7 At December 31, 2014, the following information was available for J. Simon Com- pany: ending inventory $40,000, beginning inventory $60,000, cost of goods sold $300,000, and sales revenue $380,000. Calculate inventory turnover and days in inventory for J. Simon Company
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