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Calculating the Average Inventory, the Inventory Turnover Ratio, and the Inventory Turnover in Days Last year, Toby's Hats had net sales of $ 4 5

Calculating the Average Inventory, the Inventory Turnover Ratio, and the Inventory Turnover in Days
Last year, Toby's Hats had net sales of $45,000,000 and cost of goods sold of $29,000,000. Toby's had the following balances:
\table[[,January 1,December 31],[Accounts receivable,$5,500,000,$6,500,000
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