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COURSE NAME: FINANCIAL ANALYSIS COURSE CODE :FIBA- 385 LEVEL:6 2. Compute the inventory turnover ratio and average selling period from the following data of a

COURSE NAME: FINANCIAL ANALYSIS COURSE CODE :FIBA- 385 LEVEL:6 image text in transcribed

2. Compute the inventory turnover ratio and average selling period from the following data of a trading company: Sales: $75,000 Gross profit: $35,000 Opening inventory: $9,000 Closing inventory: $7,000

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