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Inventory Analysis A company reports the following: Cost of goods sold $450,775 Average inventory 69,350 Determine (a) the inventory turnover and (b) the number of

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Inventory Analysis A company reports the following: Cost of goods sold $450,775 Average inventory 69,350 Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. a. Inventory turnover b. Number of days' sales in inventory days Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $215,990 Interest expense 38,110 Average total assets 3,300,000 Determine the return on total assets. If required, round the answer to one decimal place

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