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Inventory Analysis A company reports the following Cost of goods sold Average inventory Determine (a) the inventory turnover and (b) the number of days' sales
Inventory Analysis A company reports the following Cost of goods sold Average inventory 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 $630,000 90,000 a. Inventory turnover b. Number of days' sales in inventory days
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