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For a recent year, the following cost of goods sold and beginning and ending inventories are provided from corporate annual reports (in millions) for these

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For a recent year, the following cost of goods sold and beginning and ending inventories are provided from corporate annual reports (in millions) for these three companies: a. Determine the inventory turnover ratio for all three companies (rounded to one decimal place) b. Determine the number of days' sales in inventory for all three companies. Use a 365 day year and round all calculations to one decimal place. c. Interpret these results based on each company's merchandising concept

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