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Danube.com reported the following amounts in its financial statements (in millions): 2012 2011 Net Salds Sold 6.200 6200 81,000 $68,000 Cost of Goods Sold 66,000

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Danube.com reported the following amounts in its financial statements (in millions): 2012 2011 Net Salds Sold 6.200 6200 81,000 $68,000 Cost of Goods Sold 66,000 53,000 4,400 6,200 Beginning Inventory600 4 Ending Inventory 8,000 Required: 1. Determine the inventory turnover ratio and average days to sell inventory for 2012 and 2011. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.) Inventory Tumover Ratio Days to Sel times per year days times per year days

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