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Below is the picture of the problem I have having issues on. I don't understand the inventory turnover and how to do it. The following

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Below is the picture of the problem I have having issues on. I don't understand the inventory turnover and how to do it.

image text in transcribed
The following is information for Palmer Co. Year 3 Year 2 Year 1 Cost of goods sold $543, 825 $326, 650 $291, 300 Ending inventory 106, 400 96, 750 101, 500 Use the above information to compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31, Year 3 and Year 2 (a) Use the above information to compute inventory turnover for Year 2, and its days' sales in inventory at December 31, Year 2. Numerator 1 Denominator Ratio Inventory turnover O Days' sales in inventory 0 (b) Use the above information to compute inventory turnover for Year 3, and its days' sales in inventory at December 31, Year 3. Numerator / Denominator Ratio Inventory turnover O Days' sales in inventory O

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