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Compute Inventory turnover and Days in inventory. Explain your analysis. at the end of the Hope Store's fiscal year on November 30, 2019, the following

Compute Inventory turnover and Days in inventory. Explain your analysis.

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at the end of the Hope Store's fiscal year on November 30, 2019, the following account appeared in its trial balance lundiusted unadjusted Accounts payable 25200 Notes payable 37000 Accumulated Depr. Equip 22000 Notes receivable 31300 cash 25212 Prepaid Insurance 10500 cost of goods sold 507000 Rent Expenses 15000 dividends 8000 Retained earnings 61700 equipment 154300 Salaries and Wages Expenses 96000 freight out 6500 Sales Commissions expenses 6500 interest expenses 6100 Sales Returns and allowances 9000 Interest revenue 7964 sales revenue inventory 26000 share capital-ordinary 50000 miscellaneous 452 utilities expenses 8000 Other data: 1. Depreciation expense for the month: 11,000 2. Insurance expired for November: 7,000 3. Property tax payable not yet recorded: 3,500 4. Sales commission payable not yet recorded: 7,000 5. Cash balance per bank, November 30: 25,121 6. November bank service charge not recorded by the depositor: 28 7. Deposits in transit, November 30: 1,500 8. Bank collected 800 note for the company in November, plus interest 36, less fee 20 The collection has not been recorded by the company and no interest has been accrued. 9. Outstanding checks, November 30: 621 10. Inventory on December 1, 2018: 20,000 11. From an internal audit it is known that for the inventory, the same person perform ordering items, receiving the items, and receiving the invoice

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