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Danube.com reported the following amounts in its financial statements (in millions): 2015 2014 $73,000 $60,000 Net Sales Cost of Goods Sold 56,000 45,000 3,300 5,000
Danube.com reported the following amounts in its financial statements (in millions): 2015 2014 $73,000 $60,000 Net Sales Cost of Goods Sold 56,000 45,000 3,300 5,000 Beginning Inventory Ending Inventory 5,000 6,100 Required: 1. Determine the inventory turnover ratio and average days to sell inventory for 2015 and 2014. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.) 2015 2014 Inventory Turnover Ratio times per year times per year days Days to Sell days
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