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Cornerstone Exercise 6-27 Inventory Analysis Singleton Inc. reported the following information for the current year: Required: Note: Round all answers to two decimal places. Assume

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Cornerstone Exercise 6-27 Inventory Analysis Singleton Inc. reported the following information for the current year: Required: Note: Round all answers to two decimal places. Assume a 365 day year. a. Compute Singleton's gross profit ratio. % b. Compute Singleton's inventory turnover ratio. x c. Compute Singleton's average days to sell inventory. X days

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