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Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below: Year 2 Year 1 Current assets: Cash $ 300 $ 160

Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below:

Year 2 Year 1
Current assets:
Cash $ 300 $ 160
Accounts receivable 370 380
Inventory 250 180
Prepaid expenses 71 81

Total current assets $ 991 $ 801

Current liabilities:
Accounts payable $ 300 $ 300
Accrued liabilities 210 99
Notes payable, short term 81 71

Total current liabilities $ 591 $ 470

Sales on account during the year totaled $1,550 thousand. Cost of goods sold was $945 thousand.
f. Compute the following inventory turnover for Year 2.(Round your answer to 2 decimal places.)

g.

Compute the following average sale period for Year 2. (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 2 decimal place.)

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