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Help please Inventory Turnover and Days' Sales in Inventory The Southern Company installed a new inventory management system at the beginning of 2012. Shown below
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Inventory Turnover and Days' Sales in Inventory The Southern Company installed a new inventory management system at the beginning of 2012. Shown below are data from the company's accounting records as reported out by the new system: 2012 2013 Sales Revenue Cost of Goods Sold1,140,000 1,190,000 Beginning Inventory 500,000530,000 Ending Inventory $11,800,000 $12,000,000 30,000 600,000 Calculate the company's (a) inventory turnover and (b) days' sales in inventory for 2012 and 2013. Round your answer to two decimal points. 2012 2013 Inventory turnover 0 Days sales in inventory Check Step by Step Solution
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