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Check my work mode: This showS Use the following information: Net sales Cost of goods sold $220,000 156,000 49,000 39,000 Beginning inventory Ending inventory
Check my work mode: This showS Use the following information: Net sales Cost of goods sold $220,000 156,000 49,000 39,000 Beginning inventory Ending inventory a. Calculate the inventory turnover ratio. b. Calculate the average days in inventory. c. Calculate the gross profit ratio. Answer is complete and correct. Complete this question by entering your answers in the tabs below. Required a Required Required c Calculate the average days in inventory. (Assume 365 days in a year. Round your intermediate calculations and final answer to 1 decimal place.) Average days in inventory 104.20 days < Required a Required c >
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