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Content Area Inventory turnover and number of days sales in inventory Financial statement data for years ending December 31 for Tango Company follow: Line Item
Content Area Inventory turnover and number of days sales in inventory Financial statement data for years ending December 31 for Tango Company follow: Line Item Description 20Y7 20Y6 Cost of goods sold $3,705,480 $3,778,845 Inventories: Beginning of year 751,900 730,000 End of year 824,900 751,900 a. Determine the inventory turnover for 20Y7 and 20Y6. Round your answers to one decimal place
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