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HW6#15- Inventory Ratio: The following information was available for Candy Company at December 31, 2018: beginning inventory $80,000, ending inventory $120,000, cost of goods sold

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HW6#15- Inventory Ratio: The following information was available for Candy Company at December 31, 2018: beginning inventory $80,000, ending inventory $120,000, cost of goods sold $560,000, and sales $800,000. What are Candy's Company's inventory turnover in 2018 and days in inventory? A. 8.0 times and 45.6 days B. 6.7 times and 54.5 days c. 5.6 times and 65.2 days D. 4,7 times and 77.7 days 21

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