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In 2022. Sheridan Inc. had average inventory of $80000. The 2022 income statement showed net sales of $2200000 and gross profit of $416000. In 2021.

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In 2022. Sheridan Inc. had average inventory of $80000. The 2022 income statement showed net sales of $2200000 and gross profit of $416000. In 2021. it was taking the company approximately 31 days to sell its inventory. The company's inventory turna for 2022 was approximately 22.3 times 11.8 times. 27.5 times 52 times

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